Today, the Nifty50 achieved a new all-time high, closing at 21,006.1, marking a gain of 68.25 points or 0.33% compared to the previous close. The market exhibited a bullish trend with a momentary struggle between buyers (bulls) and sellers (bears), resulting in a Doji-like candlestick formation characterized by wicks on both ends.
Notably, 14 out of the 50 stocks in the Nifty50 index reached multi-year highs. The Sensex also experienced positive momentum, rising by 304 points to reach 69,825.6. The Nifty Bank closed with a gain of 421 points at 47,262, driven primarily by the performance of HDFC Bank.
However, the broader market indices saw some selling pressure. The Nifty Midcap100 ended its 25-day winning streak, closing down by 0.21% or -94.80 points. Simultaneously, the Nifty Smallcap100 recorded a decline of 1.09%, equivalent to -158.05 points.
Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions. The company announced that it has allocated 19 lakh warrants to an FII, Nextpact Ltd. This significant development makes this stock a strong contender for the watchlist.
Neuland Laboratories is engaged in the manufacturing and selling of bulk drugs and caters to both domestic and international markets. Today, Dr. Davuluri Rama Mohan Rao, Founder & Promoter and Executive Chairman of Neuland Laboratories Limited (the Company) has sold 4,00,000 equity shares of the Company (i.e. 3.12 % stake) through open market at an average price of Rs 5,012.45. Add this stock to your watchlist.
Orchid Pharma is a pharmaceutical company engaged in the development and manufacture of active pharmaceutical ingredients (APIs) and finished dosage forms. Today, The stock closed up by 14.98% and witnessed a significant surge in volume by more than 29 times its weekly average. Don’t forget to add this stock to your watchlist.
Today, the stock of Asian Energy was locked in the upper circuit, signalling robust buying pressure. Asian Energy Services Ltd, operating in the oilfield service and reservoir imaging sector, specialises in geophysical services for land and well seismic activities, as well as operation and maintenance services for oilfields.
Spencer’s Retail Ltd is a multi-format retailer providing a range of quality products across diverse categories including food, personal care, fashion, home essentials, electrical, and electronics. Today the stock achieved it 52-week high price of Rs 120 indicating strong bullish momentum. Do not forget to add this stock in your watchlist.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 8, 2023, 6:47 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
