123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Sgx Nifty Indicates Positive Opening; Hsil And Zydus Wellness To Declare Q4 Results Today

Profile Picture
By Author: Marketsmith India
Total Articles: 49
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

At 8:00 am IST, SGX Nifty Futures was trading at 15,008, compared with Nifty’s close of 14,823 on Friday.

Market Pulse: Confirmed Uptrend

Distribution Day Count: Two

Global stock markets: Dow30, +0.7%; S&P 500, +0.7%; Nasdaq, +0.9%; Kospi, +1.1%; Nikkei, +0.9%; Shanghai Composite, -0.1%

Nifty traded below its 50-DMA for the first four trading sessions last week. However, it found support at its 100-DMA in the first three trading sessions and closed above it. Historically, 100-DMA has been a good support for Nifty. On Friday, the index gapped up almost 100 points and traded in a narrow range throughout the session. Thus, it reclaimed its 50-DMA. Trading volume remained below average this week.

On the sectoral front, Nifty Metal (+10.7%) was the top gainer last week, followed by Nifty PSU Bank (+2.9%). On the flip side, Nifty Realty and Pvt Bank closed 0.6% and 0.2% lower, respectively. Friday, the advance-decline ratio was in favor of advancers. Of the 2,251 stocks traded, 1,058 advanced, 826 declined, and the rest remained unchanged.

Looking ...
... ahead, without trying to predict and decode stories, we will take what the market gives and continue to monitor unfolding conditions. Stocks that are breaking out of consolidation with higher relative strength and superior fundamentals can do well. Continue to trim or avoid ideas lagging and/or breaking down below major moving averages.

Key Results Today: ZYDUSWELL, HSIL, HFCL, CHAMBLFERT, JMCPROJECT, and others.

Key News:

DMART announced Q4 FY21 results on May 8. Revenue grew 18.5% y/y to Rs 7,411 crore. PAT increased 52.8% to Rs 414 crore.

BANDHANBNK announced Q4 FY21 results on May 8. NII rose 4.6% y/y to Rs 1,757 crore. PAT was down to Rs 103 crore compared to a profit of Rs 517 crore y/y.


Buy Watchlist: RKFORGE, ASIANPAINT, WIPRO, AMRUTANJAN, LUXIND, RAIN, APOLLO TRICOAT TUBES, and HIL

Related Article:

How to Identify Market Top: Distribution Days Give an Idea

These Two Stocks Are In A Buy Range: Ramco Ind and Timken India

Welspun India Stock Is Breaking Out To New Highs


For more details Please visit :

SGX Nifty Indicates Positive Opening; HSIL and Zydus Wellness to Declare Q4 Results Today

Stock Market Research


https://marketsmithindia.com

Total Views: 289Word Count: 359See All articles From Author

Add Comment

Investing / Finance Articles

1. Breadalbane Finance Highlights Key Differences And Opportunities In Asset Finance Across Scotland
Author: Asset Finance

2. Authoritative Tips For Making Smarter Property Investment Decisions
Author: Rick Lopez

3. Why Do Small Businesses In San Francisco Need A Tax Advisor?
Author: GavTax Advisory Services

4. How To Start A Successful Career In Banking After Graduation
Author: sandeep

5. The Crucial Function Of An Investment Advisor For Making A Desired Real Estate Plan!
Author: Rick Lopez

6. Smart Money Moves In 2025: Top Financial Strategies Every Indian Should Follow
Author: Financenu

7. Stock Market Advisory: Choosing The Top Advisory Company In India For Smart Investments
Author: Vinay

8. How A Certificate Course In Retail Can Open Doors To New Job Opportunities
Author: sandeep

9. Top 5 Best Crypto Apps For Ios To Manage Your Crypto With Ease
Author: CryptoReach

10. Best Home Loan In Noida 2025 | Affordable Interest Rates & Easy Emi
Author: dhresh jindal

11. Smarten Power Systems Ipo: Complete Overview, Dates & Gmp Guide
Author: finowings

12. Banking And Finance Training In India: Scope, Opportunities, And Future Trends
Author: sandeep

13. How To Protect Your Crypto Wallet: Essential Tips Beyond Passwords
Author: Eldon Ryder

14. Ipo Grey Market Premium (gmp) Guide | Live & Upcoming Ipo Gmp Trends
Author: finowings

15. Top Benefits Of Enrolling In A Certificate Course In Banking
Author: sandeep

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: