Balkrishna Industries, Polson, Shivalik Rasayan, Teamlease Services, and Seya Industries, among others reached their all-time high marks.
Brokerage house tracking the sector flagged concerns on the outlook as well as the recovery prospects.
Polson, Himadri Specialty Chemicals, Cox & Kings, Aditya Birla Money, Aditya Birla Nuvo and Balkrishna Industries, among others, were among the list of such stocks.
A Shooting Star is a bearish reversal pattern and is formed after a rising price environment.
The Sensex has witnessed a dream run in the last five years, with the index having gained over 83 percent during the period.
As the market moved to new milestone, 99 stocks touched 52-week highs and amongst them, 35 stocks traded at fresh record highs.
Traders should not make decisions based on just one candlestick pattern and wait for further confirmation as Thursday's price action will be crucial.
Auto ancillaries, chemicals, finance and capital goods were the top contributing sectors in this list, while FMCG, healthcare and tyre stocks contributed too.
The inclusion of A-Shares will not have any major impact on the Indian market, given modest outflows of around USD 215 million, Sharekhan said.
However, looking at futures open interest and other derivative data we expect Nifty to break 9,700 and moving towards 9,750 in the expiry week and any dip should be used as buying opportunity.
When our thoughts are calm and our mind in its natural state of tranquillity, we can take better decisions in life including financial decisions.
After the launch of GST, the next big trigger which will be tracked by market participants will be June quarter results from India Inc. which most experts think could be muted especially for FMCG and auto stocks amid implementation of GST.
Traders are advised to stay long on the index with a stop below 9,600 as the market is going through periods of consolidation.
A 'small bearish' candle is formed when the index trades lower, but within a defined range, throughout the session.
As much as 109 stocks rose to fresh 52-week highs on the BSE which include names like Disa India, Can Fin Homes, and Balkrishna Industries among others.
We analyzed the 5-year financial performance of stocks with market cap exceeding Rs 1000 crore based on four parameters - PE, topline, EPS, and CAGR price return. Four stocks delivered 5-year CAGR price returns above 20 percent. Here is a look at how they fared in other matrices as well.
If you are an investor in stocks which have already more than doubled so far in 2017, it warrants your attention now.
The big move could also be a result of short covering which propped the index towards 9,700. This was evident from the advance-decline ratio which sits at 99 issues advancing compared with 112 declining.
The Nifty Bank index rose over 300 points to record its fresh record high of 23,806.65 in trade today, led by gains in Axis Bank, Canara Bank, HDFC Bank, ICICI Bank, IndusInd Bank, SBI, and Kotak Mahindra Bank.
Lenders have an exposure of more than Rs 5,000 crore to these accounts and more than 60% of which have been identified as NPAs.
As per theory, 'Doji' chart patterns are commonly seen in periods of consolidation but given the price movement witnessed throughout this week, technical experts expect the market to break on the upside.
On this “Father’s Day”, we go down memory lane on some of the common financial basics and wisdom that our fathers would have inculcated in us; however, with time we might have diluted their importance.
Experts feel a 9,580 level could be immediate support for the Nifty and the next would be 9,500.
Dividends are paid to distribute the profits made by the company during the year. Dividends are paid on a per share basis to all the shareholders of the company.
It was another consolidation day on Friday as well as week for the market, especially after the Nifty clocked record high of 9,709.30 on June 6.