BSE, Happiest Minds, KSB, Lupin, Marico, UTI AMC, Wipro, NALCO, Hindustan Copper and NMDC witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.
Eight stocks where retail holding surged in Q4 as MFs & FIIs sold
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One of the biggest retail bets of the quarter was Majesco, where retail holding jumped by a whopping 39.65 percentage points to 60.79 per cent from 21.14 per cent at the end of December quarter. Both FPIs and mutual funds dumped the stock during the period.
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Recent debutant Burger King India also saw retail buying, even as the scrip has lost one-fourth of its value year to date.
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NEW DELHI: Even as the second wave of Covid-19 halted the market momentum from the middle of the March quarter, one set of companies saw retail investors buy into them heavily, latest shareholding data showed.
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Benchmark NSE Nifty index was trading 14.60 points up at 14311.00 on Thursday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Apollo Hospitals, Arvee Laboratories, Cadila, NBI Industrial Finance, Neuland Laboratories, Orient Refractories, RPG Life Sciences, Wipro, Tata Steel Long Products and Supreme Petrochem.
Overall, 25 shares were trading in green in Nifty50 index, while 24 were trading in red in the afternoon trade.
In the Nifty 50 index, Tata Steel, Wipro, JSW Steel, ICICI Bank and BPCL were among top gainers, while Titan Company , M&M, Shree Cements, HUL and Tech Mahindra were trading in red.
stock market nse bse nifty: Happy 25th Birthday, Nifty50! So what has changed & what hasn t indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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NEW DELHI: Nifty opened gap down on Thursday, but made a rebound from the initial hiccup and saw substantial buying. The index formed a bullish candle. The headline index formed a Piercing Pattern in the two-day candlestick pattern, which suggests a possible short-term trend reversal.
Chandan Taparia of Motilal Oswal Securities said, Nifty needs to decisively hold above 14,400 level to witness a bounce towards 14,600 and 14,700 levels, while on the downside, support exists at 14,250 and 14,150 levels. The market has been going through a correction phase following increasing Covid-19 cases despite the optimism about the vaccination drive. Though the earnings outcome is expected to trigger stock-specific movements in the coming days, the broader movement in the market will depend on fall in Covid cases, said Vinod Nair, Head - Research, Geojit Financial Services.