Page 4 - Divis Lab News Today

By 9.40 am, Sensex was trading 128.85 points, or 0.20 per cent to 64,700.73, and Nifty 50 gained 38.30 points, or 0.20 per cent to 19,320.05.

Nifty 50 index declined 0.20 per cent, while the BSE Sensex was down 0.25 per cent with Coal India as Nifty 50 gainer, , stock market, nifty, sensex, trading, Intraday, investment, oil prices, tata motors, DMart, delta corp, hcl tech, divis laboratories, quarterly results, hdfc bank

TCS was the top drag in the opening session, as the stock slipped around 1.50 per cent, after the IT services major reported an 8.7 per cent jump in its Q2 net profit.

Thus, projecting a target of 21,000 by December 2023 as it is price parity of the June-December 2022 rally (15,183-18,887) projected from March 2023 low of 16,828. "The seasonality pattern gels well with our price structure model and classical chart pattern projection of 20,700-21,000 in CY23. Meanwhile, strong support is placed at 18,700," the report said.

By 9.30 am, Sensex was trading 206.45 points, or 0.31 per cent higher at 65,838.02, while broader NSE Nifty 50 gained 72.60 points, or 0.37 per cent at 19,618.35.

“I think the second half of the year will look good for any of our larger holdings. For example, we are a large shareholder in Divis Lab, in Alkyl Amines, in GMM Pfaudler, in Paushak and we are hoping the second half of the year will bring good news as the price action seems to have bottomed out. ”

Ten of the 13 major sectoral indices gained, with high weightage in financials and Information Technology adding 0.5 per cent and 1 per cent, respectively, , stock market, nifty, sensex, trading, Intraday, investment, it stocks, fmcg stocks, auto makers

By 9.30 am, Sensex was trading 314.93 point, or 0.48 per cent lower at 65,513.48, and Nifty 50 was down 111.35 points, or 0.57 per cent lower at 19,526.95.

Stock market closed on October 2: There will be no trading in equities, equity derivatives, interest rate derivatives and currency derivatives. Wholesale commodity markets, including metal and bullion, will also remain closed.

Barring the IT index, all sectors were trading in green, as Nifty Pharma and PSU Bank gained 1.18 per cent each, the healthcare index jumped 1.01 per cent.