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Domestic brokerage firm Prabhudas Lilladher is bullish on a few mid and smallcap stocks, which belong to different sectors such as auto, hospitality & leisure, healthcare and entertainment.

In the Nifty500 pack, these seven stocks closed above their 200 DMA (Daily Moving Averages) on April 18.

ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 53478.06 Crore) operating in Financial Services sector.

A total of 78,822 shares changed hands on the counter till 10:36AM (IST)

The Nifty Bank index was trading 0.22 per cent down at 42172.15.

Delta Corp and Balrampur Chini Mills are still on the F&O ban list for trade on 19 April, according to NSE data, however, they will be available for trading in the cash market. A stock enters the ban period if open interest (OI) on it exceeds 95% of the market-wide position limits - the MWPL. The ban reverses only if OI falls below 80%. MWPL for Delta Corp stood at 82.2% and that for Balrampur Chini was 85.4%. Both had dropped compared to the previous session. Traders who trade on indices do not encounter security ban issues.

Breakout from symmetrical triangle on the daily chart with jump in volumes.

Indian market may consolidate based on mixed global cues. Sensex and Nifty50 decreased on Tuesday with the India VIX lowering by 1.51% to 12.07 levels. Options suggest a trading range shift towards 17400 to 18000 zones and immediate trading shift between 17500 to 17850 zones. Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, believes Nifty must retain over 17620 zones for the up move towards 17777 and 17850 while maintaining downside supports at marks of 17570 and 17500. Short-term traders can target stocks, such as Bank of Baroda, Indian Bank, Ircon International, Glenmark Pharma, IRCTC, and Poonawalla Fincorp.

Cement demand is expected to grow 8-9% in FY24, led by the government’s continued investment in infrastructure projects and affordable housing. Khushbu Lakhotia believes the profitability of the cement sector is likely to recover by around Rs 200 per tonne, but this will mainly be due to a decrease in coal prices, and not from significant price hikes.

ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 55530.84 Crore) operating in Financial Services sector.