Lowest close since Jun 12.

The market showed a negative development Thursday, and Nifty 50 ended the day at 23350 points, which is a decline of 0.7 percent. The index has not closed lower since Jun 12. The index has thereby closed down 19 out of the past 25 days.

299 shares showed a gain and 1023 showed a loss. 4 shares were unchanged and closed at the same price as the previous day. There was no trading in 43 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 890.4 billion.

State Bank of India closed down 2.8 percent to 781 rupee. The stock has not closed lower since Oct 7. The stock triggered a sell signal by the break down through the support at 786 rupee in head and shoulders formation. A further drop to 660 rupee within nine months is indicated.
Adani Ports and Special Economic Zone Li closed at 1115 rupee after posting a loss of 13.6 percent. The previous time the stock lost this much was Jun 4, when it closed down 21.1 percent. The volume was also very high. At session end it was bought and sold shares for about 52307 million rupee in the stock, which equals 22 times mean daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Adani Enterprises Limited closed at 2184 rupee after a steep drop of 22.6 percent. The stock has never lost more in one day since Feb 2. 2023, when it was down 26.7 percent. The stock has thereby closed down seven out of the past nine days. The volume was also very high. At session end it was bought and sold shares for about 47596 million rupee in the stock, which equals 18 times mean daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Adani Power Limited developed negatively and fell 9.1 percent to a close of 476 rupee. The stock thereby broke the earlier bottom it set Mar 20 and reached a new year-low. The volume was also very high. At session end it was bought and sold shares for about 19405 million rupee in the stock, which equals 13 times mean daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Ambuja Cements Limited ended with a steep loss of 11.9 percent and closed at 484 rupee. The stock has never lost more in one day since Jun 4, when it was down 17.0 percent. The stock has thereby closed down eight out of the past nine days. It was also very high volume. Overall it was traded for 18530 millions rupee in the stock, which is 17 times as much as normal daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.

Winners Thursday

Next Mediaworks Limited20.00%
Kiri Industries Limited11.49%
Sterling Tools Limited10.45%
Pennar Industries Limited8.53%
Strides Pharma Science Ltd8.01%

Losers Thursday

Adani Enterprises Limited-22.61%
Adani Green Energy Ltd.-18.90%
Adani Ports and Special Ec-13.57%
Ambuja Cements Limited-11.90%
PSP Projects Limited-9.29%

Most traded Thursday

Adani Ports and Special Ec52306.83
Adani Enterprises Limited47596.29
HDFC Bank Limited31094.80
Reliance Industries Limite23767.59
State Bank of India23021.65

Today's free analyses Jio Financial Services Limited

 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

×

Please login here

 
Forgot your password?

Titlex

OK
+

Cookie consent

We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

Our use of cookies

When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

Necessary cookies

Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

Cookies from Google

We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

Allow cookies from Google