Mumbai S.E. sharply higher

The market rallied Friday, and S&P BSE SENSEX closed at 79117 points after an increase of 2.5 percent. The index has never gained more in one day since Jun 5, when it was up 3.2 percent. The week as a whole showed a gain of 2.0 percent.

2043 shares showed a gain and 1372 showed a loss. 92 shares were unchanged and closed at the same price as the previous day. There was no trading in 324 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 61.8 billion.

Adani Green Energy Ltd. fell sharply to close at 1052 rupee, down 8.2 percent. The stock has now closed down for the fourth day in a row. Since the sell signal from the rectangle formation one month ago, the stock now has lost 38.8 percent. The volume was also very high. At session end it was bought and sold shares for about 2494 million rupee in the stock, which equals 30 times mean daily turnover.
Adani Transmission Ltd fell sharply to close at 649 rupee, down 6.9 percent. The stock has thereby closed down eight out of the past ten days and this past month the stock has lost as much as 37.8 percent. It was also high volume. Overall it was traded for 1099 millions rupee in the stock, which is seven times as much as normal daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 720 rupee and a further decline is indicated.
Multibase India Ltd ended with a solid gain of 10.0 percent and closed at 565 rupee. The stock has now closed up for the fifth day in a row. The stock has by that gained 85.8 percent since the buy signal from the rectangle formation four days ago.
Supriya Lifescience Ltd ended with a solid gain of 13.9 percent and closed at 802 rupee. The stock has never gained more in one day since Aug 12, when it was up 14.1 percent. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 31.2 percent. The volume was also very high. At session end it was bought and sold shares for about 324 million rupee in the stock, which equals 11 times mean daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 650 rupee and a further increase is indicated.
KKRRAFTON Developers Ltd increased slightly 5.0 percent and ended the day at 1401 rupee. The stock has now risen for the 15. day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has support at 173 rupee and a further increase is indicated.

Winners Friday

Anand Rayons Ltd.20.00%
Megri Soft Ltd19.98%
EKI Energy Services Ltd.19.98%
Taylormade Renewables Ltd.19.96%
Next Mediaworks Ltd19.93%

Losers Friday

Sudarshan Pharma Industrie-89.57%
Thinkink Picturez Ltd.-20.00%
Premco Global Ltd.-19.47%
Sheetal Diamonds Ltd.-17.86%
Haria Apparels Ltd-11.76%

Most traded Friday

Adani Enterprises Ltd2590.96
Adani Green Energy Ltd.2494.45
Adani Power Limited1899.80
Power Grid Corporation of 1851.36
Adani Ports & Special Econ1803.30

Today's free analyses Indian Railway Finance Corporation 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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