Here are the stocks where biggest liquidity has got deployed in June 2024
In 2024 so far, the Nifty MidCap and SmallCap indices have slid to the 100-DMA in times of a market correction, show charts; check key levels here
The fall in the stock price came after the company announced a weak set of June quarter results (Q1FY25).
In the past 13 trading days, Styrenix Performance surged 39% after the promoter Shiva Performance Materials sold 2.9 million shares representing 16.49% stake on June 27, by way of market sale.
HPL Electric & Power hit a new high of Rs 548.80, rallied 17% in Wednesday's intra-day trade after the company received work orders worth Rs 2,101 crore for the supply of smart meters.
Among the key momentum oscillators - the MACD and Slow Stochastic are showing negative divergence on these smallcap stocks; hence caution is advised at these counters.
At 11:34 AM, the SmallCap index was up 1.33 per cent, outperforming the BSE Sensex and BSE Midcap indices
Shares of Black Box (formerly AGC Networks) surged 20% to hit a new high of Rs 384 on the BSE in Friday's intra-day trade amid heavy volumes.
Indian stock markets H2 CY2024 outlook: Investors need to stay cautious as headwinds, including any delayed interest rate cut and below-par monsoon, may challenge the current market rally
Stock Market Highlights on Thursday, June 27, 2024: The BSE Sensex topped the 79,000-mark for the first time on Thursday, touching an all-time high of 79,396. The Nifty50 hit a record high of 24,087
Shares of John Cockerill India hit a new high of Rs 6,443, and have zoomed 98% from a level of Rs 3,250 hit on June 5, 2024.
On Thursday, June 20, Quant MF acquired 120,000 shares, representing 0.52 per cent stake in HCIL, for Rs 5.44 crore
The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.
Outlook on Nifty smallcap stocks: Delta Corp, Eris Life, Praj and Usha Martin can rally up to 28 per cent, while Symphony may witness a corrective move in the near-term; suggests technical charts.
Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term
Stock Market LIVE on June 04: As of 11:30 AM, Narendra Modi-led BJP was seen leading in 237 seats, and Congress was seen with 98 seats, as per Election Commission of India
Meanwhile, every government since 1991, Shankar Sharma said, has performed exceedingly well in different ways and with different strategies
However, in case, the BSE Sensex is unable to break past the 76,275 level, we may enter a consolidation range, wherein the support at 72,240 becomes a crucial level.
Jyoti Resins, Tanfac Industries, Olectra Greentech now trade above Rs 1,300 per share as against a single-digit stock price way back in May 2014, study shows.
Among sectors, UBS prefers domestic-linked sectors such as automobiles, consumer durables, industrials / infrastructure, utilities, and real estate