Page 236 - Market Trends
Nifty IT index soars nearly 3%; Tech Mahindra, HCL Tech, Infy gain up to 4%
The technology-heavy Nasdaq Composite surged 3.3 per cent on Friday, as investors reassessed the expected path of Federal Reserve interest-rate hikes.
 "Nifty IT index soars nearly 3%; Tech Mahindra, HCL Tech, Infy gain up to 4%")
Two-wheelers in focus: Hero Moto, Bajaj Auto await breakout for fresh rally
Hero MotoCorp, Bajaj Auto and Eicher Motors need to cross their significant hurdles with aggressive volume for further gains to emerge.
 "Two-wheelers in focus: Hero Moto, Bajaj Auto await breakout for fresh rally")
Planning to reshuffle your portfolio? These 5 stocks may pump up gains
ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest
 "Planning to reshuffle your portfolio? These 5 stocks may pump up gains")
Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand
Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex.
 "Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand")
Hero MotoCorp rallies 4%; company announces price hike from July 1
The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices
 "Hero MotoCorp rallies 4%; company announces price hike from July 1")
Mehul Kothari recommends buying ITC
According to the technical analyst from Anand Rathi, ITC can rally to Rs 285.
 "Mehul Kothari recommends buying ITC")
F&O Strategy: Four reasons why Nandish Shah recommends buying Indian Hotel
The technical analyst from HDFC Securities recommends buying Indian Hotel June future for a target of Rs 232.
 "F&O Strategy: Four reasons why Nandish Shah recommends buying Indian Hotel")
Route Mobile hits 18-month low; stock sheds 25% in the two weeks
The company's EBITDA margins contracted from 14.2 per cent in Q4FY21 and 13.7 per cent in Q3FY22 to 11.1 per cent in Q4FY22.
 "Route Mobile hits 18-month low; stock sheds 25% in the two weeks")
Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom
Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.
 "Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom")
Spandana Sphoorty soars 18% as ex-MD Padmaja, board resolve differences
The company informed BSE, that its board and the founder and ex-MD Ms. Padmaja Reddy have resolved their differences and agreed to part ways on amicable terms.
 "Spandana Sphoorty soars 18% as ex-MD Padmaja, board resolve differences")
Sun TV Network hits 52-week low, stock down 10% in two trading sessions
In the last one year, Sun TV has underperformed the market by falling 24 per cent, as against a 0.1 per cent gain on the S&P BSE Sensex.
 "Sun TV Network hits 52-week low, stock down 10% in two trading sessions")
Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma
Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.
 "Stocks to Watch: Vodafone Idea, Bajaj Auto, Tata Steel, Glenmark Pharma")
Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
 "Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%")
UPL slips 23% in a month post closure of buyback offer; hits 52-week low
UPL expects strong performance (10 per cent plus revenue growth and 12-15 per cent EBITDA growth) in the current fiscal year FY23.
 "UPL slips 23% in a month post closure of buyback offer; hits 52-week low")
Zomato board to consider acquisition proposals on June 24; stock gains 4%
According to a Business Standard report, Zomato may acquire quick commerce player Blinkit
 "Zomato board to consider acquisition proposals on June 24; stock gains 4%")
Here's why Vinay Rajani of HDFC Securities is bullish on MphasiS, Sobha
The technical analyst sees Nifty support moving higher to 15,400, and resistances for the NSE benchmark at 15,750, 15,883 and 16,150.
Stocks to watch today: Airtel, Zomato, PVR, Inox, Adani Enterprises, ONGC
Stocks to Watch Today: Zomato board is scheduled to meet on June 24 to consider a potential acquisition transaction.
 "Stocks to watch today: Airtel, Zomato, PVR, Inox, Adani Enterprises, ONGC")
Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally
CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent
 "Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally")
Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts
Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside.
 "Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts")
KEC International jumps over 5% on securing multiple orders
The company has bagged multiple orders worth Rs 1,092 crore across its businesses in India and overseas.
 "KEC International jumps over 5% on securing multiple orders")