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Jun 5, 2023 3:58 PM

Stock Market Update | LKP Securities' Kunal Shah On Market

"The Nifty index is currently experiencing a sideways trend, indicating a lack of clear direction in its price movement. This sideways movement is accompanied by low trading volumes, suggesting a relatively lower level of market participation and activity.The index has a support level at 18550, indicating a price level where buyers have shown interest and may provide a foundation for potential price rebounds. On the other hand, there is a resistance level at 18660, acting as a barrier for upward movements and where sellers may become more active. Despite the sideways trend, the overall undertone of the market remains bullish. This suggests that the prevailing sentiment favors buying opportunities on dips or temporary price declines. Investors are advised to adopt a "buy on dip" approach, indicating a strategy of purchasing the Nifty index when it experiences short-term pullbacks," says Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

Jun 5, 2023 3:56 PM

Market At Close | Here's How The Nifty Sectoral Indices Fared

Jun 5, 2023 3:51 PM

Market At Close | Sensex, Nifty 50 Close In The Green, But Off Highs

Financials relatively outperform while IT drags Nifty

Midcap Index gains for 11th straight session to post record close

Sensex rises 240 points to 62,787 and Nifty up 60 points at 18,594

Nifty Bank gains 164 points to 44,102 and Midcap index rises 48 points to 34,015

Reliance, Axis and ICICI lift Nifty while ITC, TCS and HUL drag

Autos extend gaining streak with Maruti, Tata Motor and M&M rising 1-4 percent

Tata Chemicals moves four percent higher on Tata’s Rs 13,000 crore EV battery unit

Cruse rise weighs on oil marketing stocks, BPCL and HPCL slip one percent each

Info Edge slips three percent as Macquaire’s target of 3,000, indicates 30 percent downside

Defence stocks see major gains with BEL, BHEL and HAL rising 2-4 percent

Market breadth favours advances, advance-decline ratio at 3:2

BSE companies gain market cap of nearly Rs 1 lakh crore

Jun 5, 2023 3:46 PM

Market At Close | Sensex, Nifty 50 end near day's low

Jun 5, 2023 3:37 PM

Rupee Check | INR falls versus USD

Jun 5, 2023 3:34 PM

Technicalpicks: Apollo Hospitals among 4 stocks that can rally up to 22% in a month

Based on the technical factors, analysts have suggested four stocks — Apollo Hospitals Enterprise Ltd, Gokaldas Exports Ltd, Housing & Urban Development Corporation Ltd, and Westlife Foodworld Ltd — that investors can look to buy and hold for the next three to four weeks.

Jun 5, 2023 3:27 PM

M&M Share Price Update | Shares up 4%, trading at record high

Jun 5, 2023 3:20 PM

HG Infra Share Price | Shares Recover From Low

HG Infra gets letter of acceptance from North Central Railway for a project worth Rs 655 crore

Jun 5, 2023 3:09 PM

We procure gas from ONGC, Jio-bp; we import gas in form of LNG as well: Mahanagar Gas MD tells CNBC-TV18

Jun 5, 2023 3:02 PM

PG Electroplast Management Commentary | Room AC business has been the main growth driver, product biz for FY24 will be in the range of Rs 1,900-2,000 cr

-New LED TV Business Will Be Housed In A Joint Venture

-LED Biz Factory Should Be Up & Running In Next 3-4 Quarters

Jun 5, 2023 2:33 PM

Share Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Jay Thakkar of Sharekhan:

Buy PFC for a target of Rs 205 with a stop loss at Rs 190.

Buy Maruti for a target of Rs 9,950 with a stop loss at Rs 9,500.

Jun 5, 2023 2:23 PM

Stock Market Update | Top Stocks To Buy/Sell

Here are two recommendations by Rahul Sharma of Equity99 Advisors:

Buy M&M Financials for a target of Rs 325 with a stop loss at Rs 295.

Buy Vishwaraj Sugar Industries for a target of Rs 25 and 30 with a stop loss at Rs 15.

Jun 5, 2023 2:16 PM

Share Market Update | These anti-collission device makers for Indian Railways are surging in trade

Shares of HBL Power Systems Ltd are trading with gains of as much as 10 percent on Monday as shareholders expect that the latest train tragedy in Odisha will prod the Indian Railways to spend more on improving safety mechanisms. Shares of another company, Kernex Microsystems are also locked in an upper circuit of five percent. More details here

Jun 5, 2023 1:47 PM

Stock Market Update | Macquarie sees 30% downside on Info Edge, adds stock to Asia Marquee sell list

Shares of Info Edge India Ltd. are trading two percent lower after brokerage firm Macquarie sees a potential downside of 30 percent on the stock. The brokerage has also added Info Edge to its Asia Marquee sell list.

Jun 5, 2023 1:33 PM

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