Page 2 - Ipca Labs News Today

We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.

Within largecaps, top gainers include Bharat Heavy Electricals (206%), REC (270%), Power Finance Corporation (191%), Trent (194%), Zomato (217%) and Adani Green Energy (199%).

Ahead of the February series expiry, Nifty on Wednesday ended 247 points lower below the 22,000 level and around its 20-DEMA. Observing the daily chart, the index has been navigating within a rising channel.

When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

IPCA Laboratories Q3 earnings: Revenue came in at Rs 2,052.86 crore, up 32 percent from year-ago quarter

Post Bank Niftys sustained move over the key hurdle of 45,500, 46,000 level shall observe comeback of bulls, potentially prompting a rally towards the breakout mark of 47,000

Top Nifty gainers included BPCL, HDFC Life and HCLTech, while losers were Power Grid, IndusInd Bank and Britannia Industries

The NSE Nifty 50 index added 0.72% at 21,929, while the S&P BSE Sensex edged up 0.63% to 72,186.

Premchand Godha had apparently served as a CA for Amitabh Bachchan before collaborating with the superstar’s family to become a businessman.

Experts expected some consolidation in the market as most positives are already discounted in the market and valuations are high.