THURSDAY
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 22 stocks closed in the green, while 28 stocks ended in the red.
Technical Breakout Stocks: How to trade HDFC Bank, Glenmark Life and Federal Bank on Thursday?
Indian market hit fresh record highs on Wednesday tracking positive global cues. The S&P BSE Sensex hit a fresh record high above 80,000 for the first time while the Nifty50 climbed above 24300 levels. The Nifty50 rose 162 points to close at 24286 while the S&P BSE Sensex closed with gains of 545 points at 79,986.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time while Nifty raced more than 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. Bulls have regained control from bears. This shift in sentiment has once again favored long trades in the market.
Market Trading Guide: Tata Consumer Products, BHEL among 4 top stock recommendations for Thursday
Benchmark BSE Sensex breached the historic 80K level intraday for the first time while Nifty raced over 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. The 30-share closed at 79,987, up by 545 points over the last close. The Nifty climbed 162.65 points or 0.67 per cent to end at an all-time high of 24,286.50. "We are of the view that, as long as the index is trading above 24,200/79,600, the bullish structure is likely to continue. Above the same, the market could rally up to 24,400/80,200. Further upside may also continue, which could lift the index up to 24,500/80,500. However, below 24,200/79,600 the texture could change. Below the same, traders may prefer to exit out from the trading long positions," said Shrikant Chouhan, Head Equity Research, Kotak Securities. Here are 4 stock recommendations for Thursday:
Parts of Manipur flooded after heavy rain, schools to remain closed till Thursday
Heavy rainfall in Manipur's Imphal West and Imphal East districts has led to severe flooding, exacerbated by breaches in embankments along the Imphal, Kongba, and Iril rivers. The state government has declared a holiday for all government offices and closed schools until Thursday due to the flood situation. Residential areas have been inundated, affecting over 1,000 people, with significant flooding also reported along the India-Myanmar road. Relief and rescue efforts are ongoing, while the Indian Red Cross Society recovered the body of a man from the Senapati river amid the challenging conditions caused by incessant rains.
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Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 37 stocks closed in the green, while 13 stocks ended in the red.
United Spirits shares rise 0.12 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 57.72 on Thursday.
Chola Inv Finance shares rise 0.56 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 63.69 on Thursday.
Bharat Forge shares rise 0.4 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 59.94 on Thursday.
Colgate-Palmolive shares rise 2.01 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 54.48 on Thursday.
Ahead of Market: 10 things that will decide D-Street action on Thursday
According to experts, financial and consumption stocks are currently gaining momentum due to enhanced balance sheets, robust GDP growth projections, and easing inflation. He noted that global market trends are reflecting similar patterns, with a general agreement on the likelihood of upcoming rate cuts.
Market Trading Guide: RIL, Sun Pharma among 5 stock recommendations for Thursday
Stock market benchmark indices Sensex and Nifty rallied for the third straight session and ended at their fresh all-time high levels on Wednesday in tandem with Asian peers and buying in Reliance Industries. The 30-share index climbed 621 points to settle at a new closing peak of 78,674. The Nifty went up by 148 points to a record closing peak of 23,869. The present upside momentum could find resistance at the highs of around 24,000-24,100 levels (1.786% Fibonacci extension of crucial bottom/top/bottom of 2020-2022) and one may expect next round of consolidation or minor weakness to emerge from the highs. Immediate support is at 23,650 levels, said Nagaraj Shetti of HDFC Securities.
Technical Breakout Stocks: How to trade CESC, Raymond and Mazagon Dock Shipbuilders on Thursday
The Indian market hit fresh record highs on Wednesday tracking positive global cues. The S&P BSE Sensex hit a record high of 78,759 while the Nifty50 hit a high of 23,889 in trade on Wednesday.
Nifty Bank hits fresh record highs; here are key levels to track on Thursday
The banking index continued on its upward trajectory stopping at a kissing distance from the 53,000 mark. Fresh call writing is visible at this level. According to experts, the undertone remained bullish, and a buy-on-dip approach is advisable with immediate strong support at the 52,500-52,400 level.
Piyush Goyal to meet exporters Thursday
India’s goods exports in FY24 were $437.1 billion and imports were $675.4 billion. The ministry has been developing standard operating procedures to negotiate free trade agreements with other countries and could come up for discussion, said another person aware of the meeting. Exporters are also likely to take up the issue of extending the Production-Linked Incentive (PLI) scheme to leather intensive sectors such as leather and footwear.
The Economic Times' "The Morning Brief" podcast wins SOPA 2024 Award for excellence in audio reporting
The Economic Times' Morning Brief Thursday won the Excellence in Audio Reporting (Regional) award at The SOPA 2024 Awards, marking the first time an Indian news podcast has won a SOPA Award. The episode, hosted by Anirban Chowdhury, discussed excessive flying, inadequate rest periods, regulatory lapses, and safety hazards in Indian pilots.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
Ahead of Market: 10 things that will decide D-Street action on Thursday
The NSE Nifty 50 and S&P BSE Sensex opened at all-time highs, rising about 0.3% each, before closing with the Nifty down 0.18% to 23,516 and the Sensex up 0.05% to 77,337. The MACD indicator signals bullish momentum for Hitachi Energy India, Axis Bank, Force India, Ingersoll-Rand India, and JITF Infralogistics.
Technical Breakout Stocks! How to trade RCF, FACT and Chambal Fertilisers on Thursday
The Indian market closed mixed on Wednesday after hitting fresh record highs. The S&P BSE Sensex hit a high of 77,851 while the Nifty50 scaled record high of 23,664 in trade on Tuesday.
The Thursday Murder Club: Storyline, cast and all you need to know
The production of ‘The Thursday Murder Club' will begin in June. The movie is based on a book written by Richard Osman and will see a power packed cast of actors who will be a part of this venture.
Heatwave to continue in Delhi for few more days, rain likely on Thursday
Delhi faces an intense heatwave, with temperatures soaring above 44 degrees Celsius. The India Meteorological Department issued alerts, including a red alert for Sunday. Humidity levels varied, with a heat index of 46 degrees Celsius. Relief is anticipated Thursday onward with possible rain, amidst continued heatwave conditions till Wednesday.
Sensex rises! But these stocks fell 5% or more in Thursday's session
In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.
Tencent sells Rs 415.7-cr PB Fintech shares
Tencent Cloud Europe BV divested ₹415.7 crore worth of PB Fintech shares in a bulk transaction on the NSE, selling 33 lakh shares at ₹1,259.7 each.
Grey's Anatomy Season 20 Episode 10: Here’s release date, how to watch and more
Grey’s Anatomy Season 20 Episode 10 will air on May 30, 2024, at 8 p.m. ET on ABC. The season began on March 14, 2024, with episodes released weekly on Thursdays. You can watch on ABC, ABC.com, Hulu in the US, and Disney+ in the UK, Australia and New Zealand.
Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry
Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.
Heat waves likely in 265 Andhra Pradesh mandals on Thursday
Fifteen mandals in Vizianagaram district, eight in Parvatipuram Manyam, five in Srikakulam, two in Prakasam and one in Alluri Sitaramaraju are likely to experience "severe" heat waves, Kurmanadh said on Wednesday.
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