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Trade Spotlight | What should you do with Trent, UltraTech Cement, Karur Vysya Bank on Tuesday?

Karur Vysya Bank shares rallied 6 percent to Rs 104, the highest closing level since February 12, 2018 and formed strong bullish candle on the daily charts with healthy volumes.

November 01, 2022 / 06:16 AM IST
 
 
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The market seems to be on a strong footing as the benchmark Sensex reclaimed the psychological 60,000 mark and the Nifty 18,000 level on October 31 with all sectors participating in the rally.

The BSE Sensex gained nearly 800 points to 60,746, and the Nifty50 more than 200 points to 18,012, and formed a bullish candlestick pattern on the daily charts, taking total gains to more than 6 percent in last fortnight of October.

The Nifty Midcap 100 also joined the bull run, rising 1.4 percent but the Smallcap 100 index underperformed all these major indices, rising 0.13 percent due to tepid breadth. About 1,084 shares advanced against 916 falling shares on the NSE.

Stocks that were in action included Trent which was the biggest gainer in the futures and options segment, rising nearly 5 percent to end at a record closing high of Rs 1,528. The stock has seen a bullish candlestick pattern formation with robust volumes, making higher highs and higher lows for the third straight session.