Page 204 - Market Trends
Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200
Among individual stocks, the technical & derivative analyst from HDFC Securities is bullish on NLC India and Mazagon Dock.
 "Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor
Prominent promoters have recently offloaded stake in companies like TVS Motor, GMM Pfaudler via block deals, few others plan to do so in the near future.
 "Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor")
PSP Projects soars 9% to hit record high on strong revenue visibility
So far in the financial year 2022-23 (FY23), PSP received total orders worth of Rs 1,833.09 crore
 "PSP Projects soars 9% to hit record high on strong revenue visibility")
IRB Infra gains 3% as board plans to mull stock split proposal on January 4
In the past one month, the stock of IRB Infra outperformed market, as they surged 29 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex
 "IRB Infra gains 3% as board plans to mull stock split proposal on January 4")
LIC hits over 6-month high; stock gains 10% in two days
In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.
 "LIC hits over 6-month high; stock gains 10% in two days")
Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB
According to the technical analyst from Anand Rathi, Balrampur Chini can rally to Rs 435, while PNB is likely to hit Rs 68.
 "Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB")
Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise
CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies
 "Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise")
UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz
According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.
 "UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz")
Nykaa hits new all-time low amid slew of block deals in past one month
In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.
 "Nykaa hits new all-time low amid slew of block deals in past one month")
Rs 1,500-cr Kfin Technologies IPO opens for subscription: Should you bet?
With complete offer for sale (OFS), shares of this financial services platform are priced in the range of Rs 347-366 apiece
 "Rs 1,500-cr Kfin Technologies IPO opens for subscription: Should you bet?")
UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally
The overall trend for asset management shares continues to remain bullish, say charts.
 "UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally")
Speciality Restaurants surges 14%, nears 52-week high on fund raising plan
The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.
 "Speciality Restaurants surges 14%, nears 52-week high on fund raising plan")
ONGC, Oil India hits over 5-month high after govt slashes windfall tax
On Friday, the Union government slashed the windfall tax on domestically produced crude oil and diesel effective December 16, 2022
 "ONGC, Oil India hits over 5-month high after govt slashes windfall tax")
Sensex can drop to 58,000, Nifty 17,700 if these supports are violated
Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias.
 "Sensex can drop to 58,000, Nifty 17,700 if these supports are violated")
Sugar stocks sweeten in weak market on hopes of higher export limit
Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.
 "Sugar stocks sweeten in weak market on hopes of higher export limit")
Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon
Stocks to watch today: Wipro inked multi-year digital transformation partnership with fintech firm Finastra; HPCL aims to raise around Rs 10,000 crore in debt to fund oil refining operations
 "Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon")
Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall
The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit")
Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz
IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.
 "Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz")