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Explore Now NEW DELHI: Around 8 stocks fell to touch their 52-week lows on NSE in Monday's session. Among the stocks that touched their 52-week lows were: HLE Glasscoat, Best Agrolife, Akg Exim, Generic Engineering, Global Education, Ravinder Heights, Sanwaria Consumer and Silly Monks Entertainment. Domestic benchmark index NSE Nifty was trading 257.00 points down at 14724.75, while the BSE Sensex was trading 971.63 points down at 49918.13. On the other hand, Hindustan Copper, Ratnamani Metal, Vaibhav Global, Varun Beverages and Aditya Birla Capital stocks hit their fresh 52-week high today. In the Nifty 50 index, Hindalco Industries, JSW Steel, Tata Steel, ONGC and Adani Ports SEZ were among the top gainers on the NSE. However, M&M, Tech Mahindra, ITC, Dr. Reddy's and Larsen & Toubro were among the top losers.
US stocks fall as growth stocks slide US stock indexes fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies. Shares of Apple Inc, Microsoft Corp, Facebook Inc, Alphabet Inc, Tesla Inc, Netflix Inc and Amazon.com Inc resumed a fall from the previous week, falling between 0.6% and 2.1% in early trading. The Dow Jones Industrial Average was down 142.78 points, or 0.45%, at 31,351.54, the S&P 500 was down 23.54 points, or 0.60%, at 3,883.17 and the Nasdaq Composite was down 165.59 points, or 1.19%, at 13,708.88. European shares drop on inflation risk concerns European shares fell nearly 1% on Monday as hopes of a vaccine-led global economic recovery fuelled a rally in commodities and raised concerns over the risk of higher inflation. The pan-European STOXX 600 index was on course for its worst day this month, led by declines in technology companies and retail stocks.
NEW DELHI: After profit booking went unabated for the fourth consecutive session on Friday, domestic headline equity index Nifty breached the crucial support level of 15,000 and formed a bearish candle for the day. On the weekly scale, the 50-pack index formed a 'Bearish engulfing' pattern as it retraced below the 15,000 mark after 10 sessions. Chandan Taparia of Motilal Oswal Securities said as long as the index remains below 15,150 level, it would continue to see weakness and head towards its next key support at 14,800 and 14,700 levels. On the upside, he said, hurdles are seen at 15,250 and 15,400 levels. "Profit taking was evident throughout the day as we witnessed several pivotals succumbing to selling pressure as traders feared rising Covid cases in Maharashtra. The PSU bank index which rose 12 per cent in the last two days shed 5 per cent today," said S Ranganathan, Head of Research at LKP Securities.
Explore Now NEW DELHI: Around 6 stocks fell to touch their 52-week lows on NSE in Friday's session. Among the stocks that touched their 52-week highs on NSE were: AKG Exim, Global Education, Jiya Eco-Products, Radha Madhav Corporation, Ravinder Heights and Sanwaria Consumer. Domestic benchmark index NSE Nifty was trading 47.70 points down at 15071.25, while the BSE Sensex was trading 139.96 points down at 51184.73. On the other hand, The New India Assurance, IDFC First Bank, Capri Global, Redington and IDFC stocks hit their fresh 52-week high today. In the Nifty 50 index, UPL , GAIL, NTPC, Hind. Unilever and Coal India Ltd were among the top gainers on the NSE. However, Hero MotoCorp, Tata Steel, Bajaj Auto, Tata Motors and ICICI Bank were among the top losers.
NEW DELHI: Nifty's consolidation run continued to the third consecutive day as the headline index formed a bearish candle on the daily chart. The 50-pack bluechips underperformed the broader market as the rally continued in the midcap and smallcap space. Ajit Mishra, VP - Research, Religare Broking said, "In absence of any major trigger, we may see further consolidation in markets. Meanwhile, the focus should be on position management. Nifty has the next major support around the 14,850-14,950 zone." "Nifty made a move towards the mentioned resistance zone of 15,245-15,315. Since the move was lacking strength, the selling started after testing the lower range of 15,245, which eventually resulted in a decent intraday profit booking. Now, although the market looks a bit tentative, it is nowhere close to the trend reversal or sell off. Rather, it needs to be construed as a minor profit booking only," said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking.
Explore Now NEW DELHI: Around 5 stocks fell to touch their 52-week lows on NSE in Thursday's session. Among the stocks that touched their 52-week lows on NSE were: AKG Exim, Jiya Eco-Products, Radha Madhav Corporation, Ravinder Heights and Sanwaria Consumer. Domestic benchmark index NSE Nifty was trading 91.05 points down at 15117.85, while the BSE Sensex was trading 355.68 points down at 51348.15. On the other hand, The New India Assurance, IOB, Central Bank of India, Union Bank India and Gujarat Gas stocks hit their fresh 52-week high today. In the Nifty 50 index, GAIL, ONGC, Indian Oil Corp, Asian Paints and Coal India were among the top gainers on the NSE. However, ICICI Bank, Shree Cements, HDFC,
Explore Now NEW DELHI: Nifty breached its 14,000 levels and touched its all-time high in the intraday session on Thursday and formed an indecisive candle on the daily chart. The 50-pack formed consecutive indecisive candles in the recent sessions, which signals towards caution that is being employed by the market participants with consistent profit booking and buying on dips approach. Ajit Mishra, VP - Research at Religare Broking opined, investors would await the auto sales numbers and PMI data as it would help in gauging the economic recovery. Further, global cues are likely to dictate the trend for the markets in the near term. We reiterate our cautious stance on the markets.
Stock market update: 3 stocks hit 52-week lows on NSE SECTIONS Last Updated: Dec 31, 2020, 12:26 PM IST Share Synopsis Domestic benchmark index NSE Nifty was trading 12.55 points down at 13969.4, while the BSE Sensex was trading 26.73 points down at 47719.49. ThinkStock Photos In the Nifty 50 index, Shree Cements, UltraTech Cement, Tech Mahindra, Axis Bank and TCS were among the top losers. INSIGHTS NSE Explore Now NEW DELHI: Around 3 stocks fell to touch their 52-week lows on NSE in Thursday's session. Among the stocks that touched their 52-week lows on NSE were: Mittal Life Style; Ravinder Heights; Shree Ram Proteins. Domestic benchmark index NSE Nifty was trading 12.55 points down at 13969.4, while the BSE Sensex was trading 26.73 points down at 47719.49.
Explore Now NEW DELHI: Nifty breached the 13,900 levels and touched its lifetime on Tuesday forming an indecisive candle on the daily chart as the index settled higher, riding the rally in bank and IT stocks amid strong global cues. The index continued its rally to the fifth consecutive session. Aditya Agarwala, senior technical analyst - institutional equities, YES Securities said "A sustained trade above 13,950-13,975 will extend the gains, taking the 50-pack higher to the levels of 14,050-14,150, which happens to be the upper end of a crucial rising channel formed, joining major highs and lows post the March selloff." He sees support for the index at 13,850.
US stocks rise as Trump signs fiscal aid bill Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. The Dow Jones Industrial Average rose 305.4 points, or 1.01% to 30,505.81. The S&P 500 rose 31.0 points, or 0.86% to 3,734.80, while the Nasdaq Composite rose 49.9 points, or 0.38%, to 12,853.95. European shares cheer post-Brexit trade deal European shares climbed on Monday for a fourth straight session as relief over long-awaited U.S. economic stimulus and a post-Brexit trade deal lifted investor mood in thin holiday trading. The benchmark European stock index jumped 0.73% to its highest since Feb. 26, with automakers and energy stocks gaining the most.