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In the Sensex pack, Bajaj Finserv, IndusInd Bank, L&T and UltraTech Cement were the top gainers, rising about 1% each. Tata Motors, Tata Steel, M&M, and Asian Paints also opened with gains. Whereas, HCL Tech, Sun Pharma, Infosys, HUL, and Bharti Airtel opened with cuts.

UPL Corp CEO Mike Frank expects pricing pressure in the post-patent segment to persist in H1 2022 but believes the company is well-positioned to compete after taking actions to manage working capital and inventory. Despite a slight drop in Q4 performance due to oversupply and delayed sales, UPL Corp grew its top line by 16% and EBITDA growth by 10%. Going forward, the company will focus on transitioning its portfolio towards differentiated and sustainable products, including crop protection, seed, and specialty chemicals.

The stock quoted a 52-week high of Rs 1509.25 and a 52-week low of Rs 1047.7.

Promoters held 56.68 per cent stake in the company as of 31-Mar-2023, while FIIs owned 15.38 per cent, DIIs 12.54 per cent.

​In Aggressive New Long position, the average traded and delivered quantity for five days with cumulative open interest and price for the underlying stock have increased. ​

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Hammer pattern is a one-day candlestick pattern, in which there is a small green real body and lower shadow extending from the body and is formed at the bottom of a downtrend.​

The Indian market rose by more than 1% on Monday with S&P BSE Sensex adding over 700 points and Nifty50 closing above 18,200 levels. The auto, realty, banks, and IT stocks witnessed a rally, while consumer durables faced selling. Equitas Small Finance Bank, L&T Finance Holdings, and DLF were some of the stocks in focus. Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities, recommends partial profit booking for Equitas Small Finance and DLF, while advising to book profits for L&T Financial Holdings.

Export-oriented sectors, including IT services, may face a difficult period over the next six to nine months due to the weak economic environment in the Western world. However, the prices are coming down significantly, making it an opportune time for long-term investors to selectively invest in the sector. The PSU and commodity sectors, which have traditionally been avoided by investors, now show renewed focus on value creation and capital efficiency through government policies. The auto sector has shown signs of a cyclical upturn.

Three stocks, BHEL, Gujarat Narmada Valley Fertilizers and Chemicals, and Manappuram Finance, are under futures and options (F&O) ban as their open interests rose above the prescribed percentage. Traders who deal in indices are not affected by the security ban, but open interest or market-wide position limits of any stock exceeding 95% of F&O prompts a ban which is lifted only when this percentage drops below 80%. The market-wide position limit for Delta Corp was 97.4% on Monday, while it stood at 92.6% and 89.6% for GNFC and Manappuram Finance, respectively.