INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The bulls tightened their grip on Dalal Street on Thursday in hopes of economic stimulus from the government
Meanwhile, Sebi relaxation in fundraising regulations for India Inc helped lift market sentiments.
Private banks and IT stocks saw heavy
buying, as investors lapped up these shares at low valuations
FMCG stocks that have resisted the downturn in the markets saw some profit booking.
Here is a lowdown of the movers and shakers of
tide over Covid-related difficulties better
TCS jumped 6 per cent to Rs 1,877 while Infosys advanced 6.67 per cent to Rs 678.45 and HCL Tech gained 3.61 per cent to Rs 478.30
All of them saw 3-4 times spike in volume
stocks as they also saw a spike in volume and share prices
Kotak Mahindra Bank was the biggest gainer in the 30-share Sensex pack, jumping 8.59 per cent to Rs 1,249 after the company announced plans
to raise capital and reduce promoter stake
ICICI Bank gained 5 per cent to Rs 352
HDFC Bank and Federal Bank gained about 2 per cent each.
Voda, Hathway shineSome other stocks also shone in the buying frenzy
Vodafone Idea spiked 9.34 per cent to Rs 4.33 per cent after its UK-based parent company Vodafone Group decided to infuse much-needed $200
Hathway Cable - Datacom jumped further 15 per cent to Rs 21.90 ahead of its quarterly result scheduled later in the day
The stock has jumped 38 per cent in just two sessions.
Britannia above 200-DMAFMCG names saw profit booking
Nifty FMCG was the biggest sectoral loser on NSE, dropping 1.37 per cent as its constituents HUL fell nearly 3 per cent to Rs 2,321
Nestle, Marico and McDowell also closed in the red
Britannia pared its early gains ahead of its quarterly results, but crossed above 200-DMA on technical charts, which is a bullish
sign.
Stocks that hit upper, lower circuits?As many as 353 stocks hit the upper circuit on Thursday on BSE
They include ITI, HFCL, Graphite India, Wabag and all stocks of Future Group
Meanwhile, 215 stocks slumped to their lower ceiling including Next Mediaworks, Shilpa Medicare and CL Educate.
Stocks that climbed at
52-week high?Over 30 stocks hit their year-high during the trade on Thursday
They include Alembic Pharmaceuticals that reported a 81 per cent rise in its consolidated net profit for the March quarter at Rs 224.93
their signal line on the MACD indicator
They include mostly small and midcap names such as Hathway Bhawani Cable, Aartech Solonics, IndiaNivesh, Hindusthan Urban Infra and Motor -
market according to the RSI indicator
Hathway Cable and Zee Media crossed above 70-mark on the indicator
Among others, Jaiprakash Associates, Tata Teleservices, Lupin, Reliance Capital and Dishman Carbogen turned overbought.
Where is Nifty
headed?Nifty witnessed extension in the pullback
Structurally, it turned out to be a sharp one thus bringing the index closer to the recent high of 9,390
The bears are likely to make a comeback here unless the index takes out 9400 on closing basis
Paribas.
This article first appeared/also appeared in
https://economictimes.indiatimes.com/markets/stocks/news/market-movers-voda-hathway-shine-30-stocks-climbed-52-week-highs-353-top-upper-circ
uits/articleshow/75325120.cms
