Stock Market Update -Sensex Today Gains 213 Points | Nifty Ends Above 19,400 | SBI, ICICI Bank, L&T Top Gainers

The BSE Sensex gained 213 points while the Nifty rose 48 points to close above 19,400.

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Why GMR Airports Share Price is Rising

GMR Airports Infra shares surge 11% in five days to hit new 52-week high. What's next?

GMR Airports Stock Rises

Here’s an extract…

Amid the prevalent selling atmosphere in the Indian market, one stock in particular, stands out – GMR Airports Infrastructure.

This stock has not only resisted the dominant selling pressure but has remarkably surged by 29% in just one month.

Here’s what fueled the rally in the stock.

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Why Tata Communications Share Price is Rising

Here’s why the shares of this Tata stock hit an all-time high, surging over 2% in a day.

Tata Communications Stock Rises

Here’s an extract…

Tata Communications is an Indian telecommunications company. The company is part of the Tata group.

Tata Communications shares have gained 50% in the past 6 months. So far in 2023, the stock is trading up by 38%.

The shares of the company jumped over 2% today.

Let’s delve into the reasons behind this surge.

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The bulls are seizing an opportunity within the demand zone on the Dow Jones, finding support at the retest of the neckline in a multiple inverted head and shoulders pattern.

Nasdaq has gained 3% so far this week, while Nifty IT might follow the Nasdaq trend, as it is currently trending around the support of the gap area and the 200HEMA.

Nifty is encountering resistance at the descending trendline formed by the lower high - lower low pattern around the 19,500 level.
On the derivatives front, the writers of the 19500CE and 19600CE (expiring today) have an OI of 2.76 lakh and 2.5 lakh contracts respectively. A potential short-covering rally might materialize only if index surpasses the 19,627 mark; until then, a trading range of 19,300 and 19,600 can be on cards for the day.

Bank Nifty outperformed yesterday, surging by 1.10%. The presence of a head and shoulders pattern on the chart suggests a potential opening for bearish positions, with a recommended stop-loss set at 45,200.

#GiftNifty
#PreMarket

Stock Market Update - Gift Nifty Up 11 Points | Ujjivan Financial Services Declares Dividend | Mono Pharmacare to Launch IPO | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

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Top 6 Stocks with Consistent Rise in Promoter Pledging

Here’s why the shares of this Tata stock hit an all-time high, surging over 2% in a day.

Rising Promoter Pledging in These Stocks

Here’s an extract...

When promoters take a loan against the shares they hold, it’s is called pledging. The shares are just used as collateral for the loan, and the right to sell them lies with the creditor until the loan is paid back.

However, a high level of promoter pledging can raise a red flag.

We have shortlisted six stocks that have consistently pledged shares in the last past few quarters.

Read on for more...

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BankNifty: Pattern Signals Decline of 2,000 points 📉

The Bank Nifty broke below a significant technical pattern known as the head and shoulders at the 44,500 level.

The breakdown has led to a dip towards 43,600, suggesting potential downside pressure.

Keep a close watch as the index retests the neckline at 44,500. The zone between 44,500 and 44,700 now presents a potential opportunity for the bears as this area could act as a resistance turned support. A sustained move within this range might signal further downward movement.

The bearish pattern will be negated if the index manages to climb back above the 45,250 level.

#BankNifty
#KeepItSimple

Stock Market Update - Sensex Today Trades 450 Points Higher | Space Stocks Surge Up to 12% | Adani Enterprises & Adani Ports Top Gainers

Indian share markets are trading on a positive note with the Sensex up by 450 points, while the Nifty is trading 131 points higher.

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Ignore Popular Defence Stocks and Focus on These Instead

You can play the defence story without focussing on front line stocks.

Proxy Defence Stocks

Here’s an extract…

Defence is the theme every where. In fact, some mutual funds have set up dedicated funds to cater to the defence opportunity.

The order book for most defence companies had grown manifold as the government focuses on indigenization along with robust exports.

So what kind of stocks should you focus on?

Read on to find out…

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Top 5 Beaten-Down Dividend Stocks That Look Undervalued

These beaten down dividend paymasters could potentially stage a comeback. Here’s why…

Undervalued Dividend Stocks

Here’s an extract…

Undervalued stocks or beaten down stocks offer a margin of safety in their valuations.

But high-dividend stocks that are undervalued can be a win-win investment. Not only do they have the potential to grow in value over time, but they also provide a steady stream of income.

But it’s like a win-win situation only if you play your cards right.

So, with this that in mind, let’s look at 5 beaten down dividend stocks that also look undervalued at current valuations.

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Why Federal Bank Share Price is Rising

Here’s why shares of this private bank hit their 52-week high today.

Federal Bank Stock Rises

Here’s an extract…

UEven in a challenging period for bank stocks, one stock within the Nifty Bank index has emerged as an exception, capturing attention with its ascent of 5% in the past 5 days.

The stock is none other than Federal Bank.

Here’s what is fueling the rally in this banking stock.

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Stock Market Update - Sensex Today Ends 181 Points Lower | Campus Activewear & Tanla Platforms Tank 4% | ONGC & JSW Steel Top Losers

Indian share markets ended the day on a negative note. The BSE Sensex ended lower by 182 points while the Nifty fell 57 points.

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ITC: Is this the Pause Before Another Bull Run?

Will the bull run resume in ITC or will there be a long pause?

Click for More...

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Stock Market Update - Gift Nifty Trades Flat | TVS Motor's EV Plan | Hindustan Zinc's Capacity Expansion | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

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Stock Market Update - Sensex Today Trades Lower | Shoppers Stop Drops 5% | L&T, Apollo Hospital Among Top Losers

Indian share markets are trading on a negative note with the Sensex down by 210 points, while the Nifty is trading 65 points lower.

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How to invest in India's Space Stocks

If you're considering investing in spacetech stocks, read this...

Indian Space Stocks

Here's an extract...

In 2022, the Indian Space Research Organisation (ISRO) turned 50.

The institution's R&D activities over last 5 decades were reasonably secretive, if not obscure. They were certainly not in the realm of commoners like us to track.

So, space related commercial activities were almost unthinkable. But in the last few years, things changed. And dramatically so.

Most of the changes germinated in the space startups.

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Ashish Kacholia’s Block Deal Spurs 20% Rally in this Multibagger Auto Ancillary Stock

This microcap stock has rallied over 50% in the past five days. Apart from Kacholia’s bullish stance, what’s driving the rally?

Ashish Kacholia’s Huge Microcap Block Deal

Here’s an extract…

We at Equitymaster constantly try to learn as much as possible about the best capital allocators in the world.

More so, the buying and selling activities of the top investing gurus in India like Vijay Kedia, Sunil Singhania and the likes.

One such interesting development that came out this morning is Ashish Kacholia buying a little over 1 million (m) shares of an auto ancillary firm yesterday.

Read on for more ..

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Stock Market Update - Sensex Today Ends 366 Points Lower | Zomato Slips 3% | Adani Ports, L&T Top Losers

Indian share markets ended the day on a negative note. The BSE Sensex ended lower by 366 points while the Nifty fell 121 points.

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4 Stocks to Watch Out for Bonus Shares and Stock Splits in September 2023

Here's the monthly bonus and stock split update for September 2023.

September 2023 Bonus and Stock Split Update

Here’s an extract…

As market uncertainties persist, receiving something for free makes bonus share and stock split issues a welcome move for investors.

It’s because both these corporate actions have a material impact on the company's stock price.

Usually, these companies remain in focus for the next couple of months after they've undergone a stock split or declared bonus shares.

Keeping that in mind, here are four stocks that are set to declare bonus shares and stock splits in September 2023.

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Why Coforge Share Price is Rising

This midcap IT stock zoomed 10% in a day. Here's why.

Coforge Stock Rises

Here’s an extract…

The Nifty IT index, which was once considered a symbol of vigorous growth, was showing lackluster performance on a year-to-date (YTD) basis.

Despite this prolonged period of lackluster performance, shares of midcap IT firm Coforge experienced a remarkable upswing of 10% within a day.

Let's delve into the reasons propelling this sudden rally in the company's shares.

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Dark Stocks

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