National S.E. weakly higher Thursday

The market showed a small gain Thursday, and Nifty 50 ended the day at 25416 points, which is an increase of 0.2 percent. The index has thereby closed up 20 out of the past 26 days.

313 shares showed a gain and 970 showed a loss. 2 shares were unchanged and closed at the same price as the previous day. There was no trading in 25 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 994.8 billion.

Idea Cellular Limited fell sharply to close at 10.38 rupee, down 19.5 percent. We must go back to Jan 11. 2022 to find an equally steep drop. That time the stock lost 20.5 percent. The stock has now closed down for the fifth day in a row. The stock is trend wise positive in the medium term.
Reliance Infrastructure Limited closed at 285 rupee after a small gain of 0.8 percent. The stock has now closed up for the fourth day in a row and this past month the stock has gained as much as 19.5 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Central Depository Services (India) Limi increased slightly 0.5 percent and ended the day at 1511 rupee. The stock has now risen for the seventh day in a row and this past week the stock has gained as much as 9.6 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 1000 rupee and a further increase is indicated.
IndusInd Bank Limited closed at 1485 rupee after a small gain of 0.3 percent. The stock has thereby closed up seven out of the past nine days. The stock broke up through the resistance at 1483 rupee in rectangle formation. This triggered a buy signal and a further increase to 1639 rupee within eight months is indicated.
Gujarat State Petronet Limited closed at 402 rupee after a small gain of 0.3 percent. The stock thereby reversed up after nine days of losses. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.

Most traded Thursday

HDFC Bank Limited26184.28
Idea Cellular Limited25957.85
NTPC Limited25268.17
Reliance Industries Limite24919.67
BSE Limited23178.36
 


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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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