Page 191 - Market Trends
Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days
At 09:38 AM; Reliance Industries' market-cap stood at Rs 14.94 trillion on the BSE, the exchange data shows.
 "Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days")
Samvardhana Motherson tanks 9% after 5% equity change hands via block deals
Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE.
 "Samvardhana Motherson tanks 9% after 5% equity change hands via block deals")
Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
 "Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani")
Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000
CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.
 "Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000")
Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order
The total quantity of forged wheels to be supplied will be around 1.54 million wheels over a period of 20 years.
 "Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order")
Infosys hits five-month low; stock down 10% in one month
In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.
 "Infosys hits five-month low; stock down 10% in one month")
Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake
Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal.
 "Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake")
Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton
Stocks to watch today: From Lupin to Gail (India), here are stocks to watch out in Tuesday's trading session
 "Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton")
Fed may not pause rate hike cycle despite SVB crisis: Nomura
US inflation, Nomura said, is still elevated and the Fed will look to bring it down going ahead.
 "Fed may not pause rate hike cycle despite SVB crisis: Nomura")
SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit
CLOSING BELL: The Sensex and Nifty hit fresh calendar year lows in trades on Monday amid the broad-based sell-off. Reliance Industries registered 52-week low
 "SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit")
Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO
MOFSL believes that this is a positive for Tech Mahindra as it will help the company scale up its BFSI vertical, which has lagged peers in recent years.
 "Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO")
Mahindra CIE tanks 9% after block deal of 6.2% equity
At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.
 "Mahindra CIE tanks 9% after block deal of 6.2% equity")
Traders should keep a close eye on 17,315 on the Nifty: Ravi Nathani
The technical analyst sees 17,315 as a critical support level for the near term.
 "Traders should keep a close eye on 17,315 on the Nifty: Ravi Nathani")
Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi
This possible IPO along with the receipt of consideration of EV deal with TPG will support FCF generation from the India business to attain near debt zero in the India business, MOFSL said.
 "Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi")
Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap
Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.
 "Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap")
Hind Rectifiers soars 18% as new plant kicks off commercial production
The company said that the benefits of these new production lines at Sinnar will however be availed from 2023-24 onwards
 "Hind Rectifiers soars 18% as new plant kicks off commercial production")
KSB surges 9% to trade near new high on strong order book position
The management believes that the demand for capital products will further grow, owing to increased capital investment in infrastructure in this budget.
 "KSB surges 9% to trade near new high on strong order book position")
IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
 "IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility")
Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook
On March 1, the consortium of Titagarh Wagons and Bharat Electricals (TWL-BHEL Consortium) emerges as the 2nd Lowest Bidder (L2) for manufacturing cum maintenance of Vande Bharat Trainsets.
 "Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook")
Nandish Shah recommends Bear Spread on Dabur for the March expiry
The derivative analyst from HDFC Securities recommends to Buy Dabur 530 Put option and simultaneously Sell 525 Put of the March series.
 "Nandish Shah recommends Bear Spread on Dabur for the March expiry")