Page 190 - Market Trends

ICICI Lombard dips 4% post March quarter results

The country's largest private sector general insurer reported a 39.6 per cent surge in net profit to Rs 436.96 crore in Q4FY23, aided by a lower loss ratio and a dip in underwriting losses.

Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%

Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.

Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services

According to Ravi Nathani, an independent technical analysts, the Nifty Bank Index is expected to face significant resistance around the 42,700 level in the near term.

Zee Entertainment falls 3% as nearly 6% equity change hands via block deals

At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE

ITC hits new high, tops Rs 400-mark; stock doubles in less than two years

FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter.

Nifty IT index plunges 8% after TCS, Infosys post subdued Q4FY23 results

At 09:47 am; Nifty IT index, the worst performer, down 6 per cent, as compared to 1 per cent decline in the Nifty50 index

Infosys tanks 12%, hits 52-week low on disappointing March quarter results

The company's performance was subdued owing to unplanned project ramp-downs and delays in decision-making by the clients.

Markets gain for eighth day as FPIs step up buying; Sensex gains 235 points

The market breadth was positive with 2,036 stocks advancing and 1,480 declining

National Fertilisers soars 9% to hit 52-week high on hopes of strong Q4FY23

The average trading volumes on the counter jumped nearly 10-fold, as around 14.35 million equity shares, which represented 3 per cent of total equity of NFL changed hands on the NSE and BSE so far

Venus Pipes rallies 7% to hit record high as Ashish Kacholia buys 2% stake

On April 11, 2023, Ashish Rameshchandra Kacholia bought 4 lakh equity shares, which represented 1.98 per cent stake of Venus Pipes at Rs 750 per share via block deal

Sula Vineyards jumps 11% after strong March quarter business update

Analysts believe that the wine producer is well placed to leverage global consumer shift towards low-alcohol beverage segment - beer and wine

This stock has zoomed over 900% in 3 years, company to mull bonus issue

So far in the calendar year 2023, VSSL surged nearly 40 per cent after the company reported strong operational performance in Q3FY23, due to higher sales of value added products and cost optimisation

These realty stocks can rally up to 12% once index conquers 200-DMA

If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.

ITC hits new high on hopes of solid Q4 show; Market-cap nears Rs 5-trn mark

The consistent good growth in the cigarette business, strong tailwinds in the hotel business and scale-up in non-cigarette FMCG business makes its earning visibility better compared with peers.

PSU Bank index soars 3% on BoB's strong biz update, SBI fund raising plan

In Q4, the operational performance was expected to remain positive across lenders with PSU banks seen delivering continued strong earning trajectory.

Analysts play it safe; prefer safety of large-caps amid multiple headwinds

Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.

L&T hits record high on strong business outlook; stock jumps 9% in 6 days

On Monday, L&T announced that the hydrocarbon business of the company secured a significant order under its AdVENT (Advanced Value Engineering and Technology) business vertical

Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%

The Government of India has accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the APM fields.

Godrej Properties soars 8% on strong Q4 business update

The management said sales growth for the year was on the back of both an improving project mix as well as strong volume growth of 40 per cent.

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.