National S.E. weakly lower Wednesday

The market showed a small loss Wednesday, and Nifty 50 ended the day at 22399 points, which is a decline of 0.6 percent. This past week the index has lost as much as 4.0 percent.

377 shares showed a gain and 941 showed a loss. 7 shares were unchanged and closed at the same price as the previous day. There was no trading in 10 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 643.7 billion.

Trent Limited closed down 3.1 percent to 4620 rupee. We must go back to Jun 2024 to find a lower close for the stock. This past week the stock has lost as much as 18.7 percent. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
State Bank of India closed at 742 rupee after a steep drop of 3.4 percent. We must go back to Sep 6. 2024 to find an equally steep drop. That time the stock lost 4.4 percent. Nor does it look good technically. The stock is assessed as technically negative for the medium long term.
Muthoot Finance Limited closed at 2140 rupee after a steep drop of 6.7 percent. We must go back to Aug 16. 2022 to find an equally steep drop. That time the stock lost 12.4 percent. The volume was also high. At session end it was bought and sold shares for about 12598 million rupee in the stock, which equals eight times mean daily turnover. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Siemens Limited developed negatively and fell 1.7 percent to a close of 2716 rupee. The stock has now fallen for the fifth day in a row. The stock is with that down 59.4 percent after the sell signal from the rectangle formation four months ago.
Wipro Limited showed a negative development and ended the day at 237 rupee, which is a decline of 4.3 percent. We must go back to Jun 2024 to find a lower close for the stock. This past week the stock has lost as much as 10.2 percent. It does not look good technically either. The stock is trend wise positive in the medium term, but has broken down through support at 242 rupee.

Winners Wednesday

Jyothy Laboratories Limite10.27%
Mastek Limited8.27%
Parsvnath Developers Limit8.03%
SPML Infra Limited7.99%
Almondz Global Securities 6.76%

Losers Wednesday

Blue Jet Healthcare Limite-9.86%
Sharda Cropchem Limited-9.45%
Themis Medicare Limited-9.40%
Gujarat Ambuja Exports Lim-9.03%
Hilton Metal Forging Limit-9.02%

Most traded Wednesday

HDFC Bank Limited19816.19
BSE Limited17543.72
ICICI Bank Limited16917.71
Larsen & Toubro Limited13595.19
Muthoot Finance Limited12598.04

Today's free analyses IndusInd Bank Ltd.

 


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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.

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