Yesterday, Nifty, after a gap-up opening, witnessed profit booking and traded toward the day's low of 12,571 in the first half of the trading session. However, in the second half, it staged a sharp re... Yesterday, Nifty, after a gap-up opening, witnessed profit booking and traded toward the day's low of 12,571 in the first half of the trading session. However, in the second half, it staged a sharp reversal and closed above 12,750, holding robust gains. Volume was higher than the previous day. Nifty has now extended gain for the eighth consecutive session and is currently trading 6.6% and 9.4% above its 21- and 50-DMA, respectively. In the broader market, both Midcap and Smallcap continue to lag behind the general market and closed 0.4% and 0.7%, respectively. On the sectoral front, barring Nifty Media (-0.3%) and Nifty PSU Bank (-0.5%), all other sectors closed in the green. Metal and Pharma stocks led the rally, resulting in Nifty Metal and Nifty Pharma gaining the most for the day. Both the sectoral indices advanced 3.5% and 3.6%, respectively. Market breadth remained in favor of advancers. FIIs’ net buying was Rs 6,207 crore, while DIIs’ net selling was Rs 3,463 crore. In just eight sessions in November, FIIs’ net buying was more than Rs 29,000 crore. Currently, we are in a Confirmed Uptrend and are open to adding new positions coming out of proper base formation. We will look for leadership among some good stocks to push the market up. On the flip side, tracking distribution days is crucial. Accumulation of distribution days can halt the uptrend. Key News Apollo Hosps.Enterprise reported Q2 FY21 results. PAT was down 30% y/y to Rs 60.3 crore and revenue was down 3% y/y to Rs 2,760.7 crore. The board has approved the raising of Rs 1,500 crore through preferential issue/QIP. Indraprastha Gas reported Q2 FY21 results. PAT was down 8% y/y to Rs 380.45 crore. CNG sales fell 20% y/y to 255M kilograms, while piped natural gas supplies were down 4% y/y to 146M cubic meters. Total sales volume was down 16% y/y to 506M standard cubic meters. Power Grid Corp. Of India reported Q2 FY21 results. PAT was up 30% y/y to Rs 3,094 crore, while revenue was up 7% y/y to Rs 9,831 crore. O’Neil Market Condition Report For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 65%; Rally Attempt, 5%; Uptrend Under Pressure, 25%; Downtrend, 5%. For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 75%; Rally Attempt, 0%; Uptrend Under Pressure, 25%; Downtrend, 0%. Source: Free Articles from ArticlesFactory.com Marketsmith India, One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all at one place. A proprietary tool by William O'Neil India following the CANSLIM method of investing..
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A review of Idmobile.com
Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
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Why its Important to Manage Your Holiday Calendars?
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Eye creams and eye gels come in a variety of forms and also prices. But what should you really be looking for if you want to care for the delicate skin around your eyes? Well, I have an answer to this, using an under eye wrinkle cream to treat your...
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What To Look For In An Eye Cream
Eye creams and eye gels come in a variety of forms and also prices. But what should you really be looking for if you want to care for the delicate skin around your eyes? Well, I have an answer to this, using an under eye wrinkle cream to treat your...