Rounding Bottom News Today

Buying was seen in realty, capital goods, oil & gas, and public sector while IT, banks, and FMCG stocks saw some selling pressure

Tata Steel shares zoomed 6.45% to Rs 150 on BSE. Market cap of the firm rose to Rs 1.86 lakh crore.

The S&P BSE Sensex rose nearly 200 points while the Nifty50 closed higher but failed to hold above the 22,000 mark on Thursday. Sectorally, buying was seen in power, public sector, metal, and capital goods stocks while healthcare stocks saw some selling pressure.

IRCTC shares, which touched a 52-week low of Rs 557.15 on March 29, 2023, ended at Rs 964.65 on Friday, delivering 73.14% returns during the period.

YES Bank is trading above its crucial moving averages and the momentum indicator Relative Strength Index has rebounded to around 58 level.

Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.

HDFC Bank has decisively broken its downward sloping resistance trendline adjoining highs of July 3 and September 15, and formed bullish candlestick pattern with lower shadow on the daily scale.

Over next few months IT sector will be in focus and can take leadership role for up move, says Ashish Kyal.

With Samvat 2079 coming to an end, Progressive Shares has picked a bunch of stocks for Samvat 2080.

In case, the Nifty50 gets broken down the support 19,480, the low of previous week, 19,300 (the low of October month) is likely get tested in coming sessions, experts said.