Page 13 - Data Patterns News Today

New India Assurance Company has seen a decisive breakout of long downward sloping resistance trendline on the weekly charts and surpassed previous swing high of February 15, 2021.

Stock market holiday: On Friday, the 30-share BSE Sensex pack slipped 48 points or 0.07 per cent to close at 65,970, while the broader NSE Nifty index moved 7 points or 0.04 per cent down to end at 19,795.

Data Patterns (India) Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 10370.47 Crore) operating in Defence sector.

Despite the current volatile market scenario, domestic brokerage house InCred Equities has come out with 3 stocks, that it believes will turn multibaggers in the next 3 years.

Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.

For the six-month period ended September 30, 2023 the profit grew to Rs 59.62 crore, from Rs 35.29 crore registered during the corresponding period of last year, the Chennai-headquartered company said in a press release here.

Stocks to watch out for today: Tata Motors, Karnataka Bank, Suzlon Energy, Adani Enterprises, IRFC, Adani Green Energy, Titan Company, Zomato and more

Based on the OI percentage, 81 stocks were on the short-covering list. These include Indraprastha Gas, Britannia Industries, Dr Lal PathLabs, Mahanagar Gas, and Maruti Suzuki India.

Nifty IT fell 1%, dragged by Tech Mahindra, Infosys, and TCS. Meanwhile, Nifty Bank, Nifty Financial Services, and Nifty Media declined 0.7%-1.6%. The market capitalisation of all listed companies on BSE declined by Rs 2.03 lakh crore to Rs 309.27 lakh crore. The market breadth was skewed in the favour of the bears. About 2,463 stocks declined, 1,224 gained, and 108 remained unchanged on the BSE

Top stocks to watch: Bajaj Finance, Tata Elxsi, Jio Financial, HDFC Bank, Lemon Tree, Data Patterns, Caspian Corporate Services, Gensol Engineering, Glenmark Life Sciences, Kama Holdings and some other counters will be in focus today.