Nifty, Sensex under remains under pressure from global factors – Wednesday closing report
Moneylife Digital Team
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We had mentioned in Tuesday’s closing report that Nifty, Sensex may move sideways. On Wednesday, the indices opened higher but ended in the red with minor losses. On the NSE, there were 887 advances, 1,088 declines and 61 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Cadila Healthcare has informed the exchanges that a consortium of investors Multiples Alternate Asset Management, Canada Pension Plan Investment Board (CPPIB) and Rakesh Jhunjhunwala-backed Rare Enterprises will buy its animal healthcare business for Rs 2,921 crore.
Here are the top stocks to track in today s session
Earnings Today: A total of 28 companies are slated to post their March quarter numbers today, including Siemens, Dishman Carbogen, KEC International, Linde India and Kalpataru Power Transmission.
HFCL: The company posted a multifold jump in its consolidated net profit to Rs 86.47 crore in the quarter ended March 31, 2021. The company had posted a net profit of Rs 8.7 crore in the corresponding period of the previous year.
IndiGo: InterGlobe Aviation, parent of the country s largest airline IndiGo said its board has approved raising up to Rs 3,000 crore through the sale of shares to institutional investors.
A selloff that hit Wall Street overnight amid inflation woes, looks set to extend to the Indian markets as well with SGX Nifty ruling 205 points lower at 14,783 around 7.40 am. However, a sharp decline in fresh Covid cases in the country could cap some downside. Furthermore, stock-specific moves and quarterly numbers could also sway market mood. Technology shares led US stocks lower on Tuesday as surging commodity prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally. The tech-heavy Nasdaq 100 Index tumbled 2.55% amid the growing anxiety over inflation, which can threaten longer-horizon revenues typical of the sector. The Dow Jones Industrial Average reversed gains and declined 0.1% while the S&P 500 lost 1.04%.
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SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACD
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SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACDBy
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The list included HBL Power Systems, Snowman Logistics, Zuari Agro Chemicals, Newgen Software Tech, Muthoot Finance and Dishman Carbogen. These stocks gained up to 14 per cent intraday so far.
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NEW DELHI: With Nifty50 staging a recovery on Tuesday after five days of fall, a host of smallcap stocks looked stronger on momentum indicator Moving Average Convergence Divergence or MACD.
Dishman Carbogen Amcis reports consolidated net loss of Rs 16.07 crore in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.