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The Nifty has recently surpassed the 25,330 resistance level, reaching a new all-time high of 25,389 with a nearly 2% surge on Thursday. Global markets remain in a consolidation phase near key breakout levels. Traders are closely monitoring the upcoming Fed meeting, with expectations of a 25 basis point rate cut positively influencing market sentiment.

Buy Pricol, target price Rs 600: Emkay Global

Updated at : 2024-09-13 10:50:03

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Pricol Ltd. key Products/Revenue Segments include Auto Components, Other Operating Revenue, Traded Goods, Export Incentives and Other Services for the year ending 31-Mar-2024.

​In the Nifty50 pack, we have collated a list of five eight that witnessed a 5-year swing high at the close on September 12, suggesting bullishness in counters.

Indian indices Sensex and Nifty opened lower, down 0.20% and 0.23%, due to FMCG, energy.

On the options front, the maximum Call OI is placed at 26000 and then towards 25500 strikes while the maximum Put OI is placed at 24500 and then towards 25000 strikes.

Brokerage firms BofA, Jefferies, and CLSA have issued ratings on Tata Motors, Bharti Hexacom, Bharti Airtel, and Adani Ports. BofA and Jefferies recommend buying Tata Motors and Bharti Hexacom respectively, while CLSA rates Adani Ports as outperform. Jefferies also maintains a buy rating on Bharti Airtel with an increased target price.

Gold and silver posted solid gains after hefty interest rate cuts by the ECB and weakness in the dollar index. The European Central Bank cuts deposit rates by 25 basis points to 3.50% and refinancing rates by 60 basis points to 3.65% from 4.25% earlier.

Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers.

Suzlon Energy and 2 other stocks close below VWAP

Updated at : 2024-09-13 10:50:03

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On September 12, the closing prices of three stocks from Nifty500 dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

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Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 13341.19 Crore) operating in Pharmaceuticals sector.

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