Mumbai S.E. weakly lower Wednesday

The market showed a small loss Wednesday, and S&P BSE SENSEX ended the day at 73847 points, which is a decline of 0.5 percent. This past week the index has lost as much as 3.6 percent.

1269 shares showed a gain and 2062 showed a loss. 119 shares were unchanged and closed at the same price as the previous day. There was no trading in 296 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 32.5 billion.

Siemens Ltd. lost 1.7 percent to 2716 rupee. The stock has now closed down for the fifth day in a row. Since the sell signal from the rectangle formation four months ago, the stock now has lost 59.4 percent.
Muthoot Finance Ltd. closed at 2140 rupee after a steep drop of 6.7 percent. The stock has never lost more in one day since Aug 16. 2022, when it was down 12.5 percent. It was also very high volume. Overall it was traded for 328 millions rupee in the stock, which is 12 times as much as normal daily turnover. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Vedanta Ltd developed negatively and fell 1.4 percent to a close of 371 rupee. The stock has not closed lower since Apr 2024. This past week the stock has lost as much as 19.0 percent. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 413 rupee and a further decline is indicated.
Dr. Lal PathLabs Ltd. rose sharply to close at 2667 rupee, up 5.1 percent. The stock has never gained more in one day since May 13. 2024, when it was up 6.2 percent. The stock is trend wise negative in the medium term.
Trent Ltd. closed down 3.0 percent to 4622 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 18.6 percent. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.

Winners Wednesday

Binani Industries Ltd.20.00%
NDA Securities Ltd.20.00%
Bonlon Industries Ltd.19.97%
Ecoplast Ltd.19.25%
Supershakti Metaliks Ltd.16.24%

Losers Wednesday

Superior Finlease Ltd-13.22%
Trio Mercantile & Trading -11.58%
SRG Housing Finance Ltd-10.72%
Shree Bhavya Fabrics Ltd-10.02%
Shanti Educational Initiat-9.99%

Most traded Wednesday

Tata Motors Ltd.983.26
Larsen & Toubro Ltd.701.67
Reliance Industries Ltd.588.01
HDFC Bank Ltd.495.85
Dixon Technologies (India)455.69

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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