Latest Stock Market News

According to technical scan data from stockedge.com, within the Nifty500 pack, the closing prices of six stocks surpassed their 200 DMA (Daily Moving Averages) on June 12.

Earlier on Tuesday, promoter group entity InterGlobe Enterprises had sold a 2% stake or around 77 lakh shares in the airline after which their ownership had dropped to 35.75%. That was the first instance the Bhatia Family sold their stake in InterGlobe Aviation after the IPO.

GMR Airports Infrastructure Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 54401.97 Crore) operating in Infrastructure sector.

Sensex and Nifty50 opened at a record high on Thursday following gains, driven by global stocks and a favorable U.S. inflation report.

​According to technical scan data from stockedge.com, on June 12, the closing prices of four stocks within the Nifty500 index surged by more than 2% compared to the VWAP (Volume Weighted Average Price). This movement above the VWAP indicates a potential bullish trend.

Ahead of major defining events, market participants steadily build positions. Now once the event crystalizes all participants move in a herd for the exit all at once which causes these gyrations and spikes in the volatility index (up 24% on the election outcome day).

However, the 23,100/23,175 range looks like a very good support and 23,450/23,500 looks to be very crucial resistance, so this is the range within which the weekly settlement of Nifty is likely and beyond this range, there can be some directional move expected, adds Thakkar.

On Thursday, five stocks are under an F&O (Futures and Options) trade ban, namely Balrampur Chini, GMR Airports Infrastructure, Hindustan Copper, India Cements, and SAIL (Steel Authority of India Limited).