Page 237 - Market Trends
KNR Constructions dips 4%, hits 52-week low on margin concerns
As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.
 "KNR Constructions dips 4%, hits 52-week low on margin concerns")
Stocks to Watch: Telecom, LIC Hsg Fin, KEC Intl, Suven Life, IIFL Finance
Stocks to Watch Today: Indiabulls Housing Finance and RBL Bank are the two stocks in F&O ban period on Tuesday.
 "Stocks to Watch: Telecom, LIC Hsg Fin, KEC Intl, Suven Life, IIFL Finance")
Here's why Mehul Kothari recommends buying Dabur, Wipro
According to the technical analyst from Anand Rathi, Wipro can rally up to Rs 445, while Dabur can gain up to Rs 526.
 "Here's why Mehul Kothari recommends buying Dabur, Wipro")
HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge
CLOSING BELL: This was the first gain for benchmark indices in seven days
 "HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge")
1 in 3 Nifty500 stocks are down 25% YTD; 15 have halved their 2022 gains
A total of four stocks -- Dhani Services, Brightcom Group, Indiabulls Real Estate and Solara Active Pharma Sciences -- have been butchered more than 60 per cent
 "1 in 3 Nifty500 stocks are down 25% YTD; 15 have halved their 2022 gains")
Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%
Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.
 "Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%")
Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk
Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"
 "Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk")
Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%
CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent
 "Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%")
'Markets have not hit the bottom yet; select banks, autos attractive'
Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities
 "'Markets have not hit the bottom yet; select banks, autos attractive'")
Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months
Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.
 "Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months")
Telecom sector in focus: Charts suggest up to 25% upside for Airtel, TTML
Charts suggest that Bharti Airtel can rally to a new high of Rs 800; However, investors need to wait for a confirmed breakout if considering to buy shares of Vodafone Idea.
 "Telecom sector in focus: Charts suggest up to 25% upside for Airtel, TTML")
BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low
Fears of a recession in the US grew after Federal Reserve's biggest rate hike in nearly three decades, followed by Swiss National Bank raising its policy interest rate for the first time in 15 years.
 "BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low")
F&O Strategy: Nandish Shah recommends Bear Spread strategy on DLF
The technical analyst from HDFC Securities recommends buying DLF June 300 Put and simultaneously selling 280 Put.
 "F&O Strategy: Nandish Shah recommends Bear Spread strategy on DLF")
Recession fears hit global mkts; Sensex drops 1,046 pts, Nifty below 15,400
CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down
 "Recession fears hit global mkts; Sensex drops 1,046 pts, Nifty below 15,400")
Sagar Cements tanks 12%, hits 52-week low on growth concerns
The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business.
 "Sagar Cements tanks 12%, hits 52-week low on growth concerns")
JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight
The brokerage firm cites a positive earnings revision cycle ahead, given the strong refining and gas environment, for the ratings upgrade.
 "JP Morgan sees RIL at Rs 3170 in a year; upgrades stock to overweight")
ITC gains 1% after Motilal upgrades rating; stock up 23% thus far in 2022
Motilal Oswal Financial Services (MOSL) upgraded rating on the stock to 'Buy' with a price target price of Rs 335 per share.
 "ITC gains 1% after Motilal upgrades rating; stock up 23% thus far in 2022")
Sensex ends 152 pts lower ahead of US Fed decision; Nifty dips below 15,700
CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each
 "Sensex ends 152 pts lower ahead of US Fed decision; Nifty dips below 15,700")
Five Tata Group stocks turn ex-dividend; Tata Steel gains, others slip
Tata Steel, Tata Power Company, Tata Exlsi, Tata Chemicals and Tinplate Company of India traded at ex-dividend adjusted price on Wednesday.
 "Five Tata Group stocks turn ex-dividend; Tata Steel gains, others slip")
Paytm, Zomato, Indiabulls Housing look oversold; can jump up to 25%
Among the beaten down mid- and small-cap stocks, Paytm and Zomato can provide some relief to investors, while stocks like Metropolis Healthcare and Latent View Analytics could see further pain
 "Paytm, Zomato, Indiabulls Housing look oversold; can jump up to 25%")