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We had mentioned in Wednesday’s closing report that Nifty, Sensex may continue to be under pressure. With heavyweights dragging due to selling pressure, India’s key equity indices closed lower on Thursday.
Stock market movers: Top 10 winners and losers on BSE, NSE on June 9 Sensex tanked 334 points on Wednesday, tracking heavy losses in index heavyweights Reliance Industries, ICICI Bank and L&T amid a weak trend in global markets. The 30-share BSE index ended 333.93 points or 0.64 percent lower at 51,941.64. Similarly, the broader NSE Nifty slumped 104.75 points or 0.67 percent to 15,635.35. L&T was the top loser in the Sensex pack, shedding around 2 percent, followed by Reliance Industries, Bajaj Finserv, IndusInd Bank, SBI, Maruti, Axis Bank and Bajaj Auto. On the other hand, PowerGrid, NTPC,...
The company reported a 24.4 per cent rise in its standalone net profit to Rs 487.93 crore for the quarter ended March 31, 2021, on account of robust sales. Profit in the year-ago period stood at Rs 391.80 crore.
IDBI Bank, Tata Motors and 50 other stocks look set to rally, signals MACD SECTIONS Share Getty Images Some of these stocks sending out bullish signals gained up to 13% in Tuesday's trade so far. Related NSE NBCC and UPL, looked strong on momentum oscillator MACD or moving average convergence divergence on Tuesday. The momentum indicator signalled bullish crossovers — a sign of bullish undertone — on these counters, hinting at possible upsides in the days ahead. Some of these stocks have climbed up to 13 per cent in Tuesday's trade so far. At 9:40 am, IDBI Bank was trading 3.87 per cent h...
Stop loss: Rs 138 On the weekly charts, NOCIL started its up move from 45 in March 2020. A continuous, steady rise followed, supported by higher bottoms and the stock made a high of 199 in March 2021. Since July 2020, it has been trading above the averages and the super trend is in the positive mode. Recently, the stock traded in the range of 157 and 185 for a month. A weekly green candle with the range of 173-184 has formed, supported by volumes and the Vortex and KST Indicators are in the positive mode. The stock has the strength to achieve a target of 250-300 in the coming days. The in...