Big Movers News Today

The Nifty and BSE Sensex have risen about 20% each this year and are on course for their best month of 2023 with 8% gains.

Stocks that were in focus included names like NIIT, which rose 20%, PNB, which gained 8.5%, and Aarti Drugs, whose shares jumped 3% on Wednesday.

Stocks that were in focus included names like L&T, which rose 1.88%, Cochin Shipyard, which fell 10.8%, and BEML, whose shares declined 10.61% on Tuesday.

The stock is trading in a W pattern on a weekly chart and forming a base near its previous resistance zone, which is a bullish sign. An early sign of upmove is visible on the relative strength chart in comparison to Nifty50 and good support of short-term EMAs 10 and 20 is seen on every decline.

The texture suggests a strong possibility of a fresh uptrend rally from the current levels. For the positional traders now, 2390 is a crucial support zone, if it holds that level then it could rally till 2550 or 50-day SMA. Further upside may also continue which could lift the stock till 2610.

Stocks that were in focus include names like Hero MotoCorp, which was down 3.24%, Power Grid which fell 5.17%, and IDBI Bank, whose shares gained 8.5% on Tuesday.

Stocks that were in focus include names like Nazara Tech, which rose 4.66%, Ujjivan SFB, which gained 8.92%, and SBI Card, whose shares fell 0.14% on Monday.

Stocks that were in focus include names like Tata Steel, which rose 3.12%, TVS Motor, which gained 5.86%, and DCM Shriram, whose shares fell 6.38% on Tuesday.

The banking major is trading in an ascending triangle pattern and nearing the breakout zone of the said pattern. The positive momentum is intact in the stock with parameters like MACD & Relative strength supportive of further up move.

Equity benchmarks ended the last week with a bearish trend in global equities and concerns over rate hikes by central banks, causing the 30-share BSE Sensex to fall 259 points to settle at 62,979, while Nifty was also down 105 points at 18,665. IndusInd Bank rose by 2.88%, and Hindalco was down 3% while APL Apollo Tubes shares declined 3.45%. Investors could consider short-term selling pressure if IndusInd Banks stock price dips below Rs.1,250; Hindalco has to overcome its 200-DMA at Rs.430 to g...