A long build-up was seen in 66 stocks, including Oracle Financial, Container Corporation of India, HCL Technologies, Indian Oil Corporation and Alkem Laboratories
For the Nifty, the short term outlook looks positive, say analysts. The index is likely to face a hurdle at 19,500 on the higher side and then at 19,650. On the lower side, support is at 19,300-19,250
ICICI Direct is bullish on CanFin Homes recommended buy rating on the stock with a target price of Rs 935 in its research report dated August 24, 2023.
On Monday, 1553 stocks advanced, 2174 declined and 168 remained unchanged, with an advance decline ratio of 0.71 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Weak Asian cues caused markets to continue to experience wild fluctuations, markets recovered thanks to the strength of IT companies. Equity markets, however, have lost some of their lustre as macroeconomic headwinds have have surfaced.