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Jhunjhunwala cut her stake in Canara Bank by 62 bps to 1.45% in the January-March quarter from 2.07% at the end of the previous quarter. The stock has delivered returns of 115% over the past 12 months and its year-to-date returns are 38%.
The 30-share pack BSE Sensex jumped 363.20 points, or 0.49 per cent to settle at 74,014.55. NSE's Nifty50 index gained 135.10 points, or 0.61 per cent, to end at 22,462.
The MACD is known for signaling trend reversals in traded securities or indices. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.