The decline in Sensex is a worrying trend for investors
Stock trading at 25 times its FY20 estimated earnings; increase in costs unlikely to weigh on volumes
Broader market gave negative returns despite allocations touching record levels since 1970-71
Analysts keeping an eye on e-auction premiums but believe valuations are at attractive levels
Poor short-term performance, increase in volatility, and election uncertainty have weighed on equity flows
The latest jump in shares of the smaller companies comes after a year of sharp underperformance
For Wipro, keep a stop at Rs 275 and go long
The Nifty Midcap 100 index rose 0.6 per cent to 17,464, the most since January 18
Air India last week sought fee bids from bankers as it looks to borrow as much as Rs 70 billion by March 31
The S&P BSE Sensex ended at 36,636, up 194 points while the broader Nifty50 index settled at 11,053, up 66 points
The stock surged 20% to Rs 161 in early morning deal on Wednesday after an independent CA firm finds that the DHFL has not promoted any of the 26 shell companies, alleged by news portal Cobrapost.
All that happened in the markets today
The stock moved higher by 17 per cent to Rs 607 on the BSE on back of an over six-fold jumped in trading volumes today.
The stock moved higher by 11 per cent to Rs 475 on Wednesday
Of late, a lot of analysts have turned positive on the broader market after both the indices -- S&P BSE Small-cap and S&P BSE Midcap-- bled heavily during the last year.
Hotel Leelaventure locked in upper circuit of 10% at Rs 12.24, rallied 27% in past three trading sessions, as compared to 2% rise in S&P BSE Sensex.
The stock moved higher by 18 per cent to Rs 84.05 on the BSE on Wednesday ahead of board meeting on Friday, March 8 to consider fund raising plans.
As the stock crosses 200 DMA, the support becomes stronger and resistance gets pushed up higher. When a stock moves up above its 200 DMA, major buying is usually seen around immediate support levels
The stock was up 2% to Rs 289 on Wednesday, extending its previous day's 2% gain, on reports that cigarette maker has increased the price of three brands - Bristol, Flake Excel and Capstan.
At 10:33 am, Wipro was trading at Rs 282, up 3.5 per cent, the top gainer among benchmark index Nifty 50.