Moneycontrol
HomeNewsBusinessMarketsTrade Spotlight | What should investors do with Aditya Birla Capital, Elgi Equipments, Adani Power, Ambuja Cements on Tuesday?
Trending Topics

Trade Spotlight | What should investors do with Aditya Birla Capital, Elgi Equipments, Adani Power, Ambuja Cements on Tuesday?

Aditya Birla Capital is showing strength as the stock broke above the previous week high in Monday's session. The stock is moving higher after taking support at the cluster of 20 day SMA (simple moving average - Rs 112) and 200 day SMA (Rs 113).

April 26, 2022 / 06:54 IST
Story continues below Advertisement

The market fell more than one percent for yet another session as bears retained their stronghold over Dalal Street for a second consecutive session on April 25, dragged by metals, technology, FMCG, pharma stocks and index heavyweight Reliance Industries.

The BSE Sensex declined more than 600 points to 56,580, and the Nifty50 closed below psychological 17,000 mark, falling over 200 points to 16,954, while the broader markets reeled under severe selling pressure, with the Nifty Midcap 100 and Smallcap 100 indices sliding 1.92 and 2.4 percent respectively.

Story continues below Advertisement

Stocks that were in action include Aditya Birla Capital which was the biggest gainer in the futures & options segment, rising 3 percent to Rs 116, and Adani Power which which was locked in 5 percent upper circuit at Rs 272.

Among others, Elgi Equipments gained 1.91 percent at Rs 344, and Ambuja Cements rose half a percent to Rs 376.35 though off day's high.