Mumbai S.E. weakly lower Friday

The market showed a small loss Friday, and S&P BSE SENSEX ended the day at 79213 points, which is a decline of 0.7 percent. The week as a whole showed a gain of 0.8 percent.

545 shares showed a gain and 2842 showed a loss. 93 shares were unchanged and closed at the same price as the previous day. There was no trading in 266 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 68.4 billion.

The turnover in Apollo Hospitals Enterprises Ltd. was extremely high. Overall it was traded for 3398 millions rupee in the stock, which is 133 times as much as normal daily turnover. Apollo Hospitals Enterprises Ltd. ended with a steep loss of 2.9 percent and closed at 6952 rupee. The previous time the stock lost this much was Feb 11, when it closed down 6.7 percent. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
SBI Life Insurance Co. Ltd. rose sharply to close at 1695 rupee, up 5.3 percent. We must go back to Aug 20. 2024 to find an equally strong rise. That time the stock gained 5.4 percent. It was also very high volume. Overall it was traded for 809 millions rupee in the stock, which is 29 times as much as normal daily turnover. Technically it also looks good. The stock is assessed as technically positive for the medium long term.
Reliance Power Ltd fell sharply to close at 41.36 rupee, down 6.8 percent. We must go back to Apr 12. 2024 to find an equally steep drop. That time the stock lost 8.1 percent. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
ICICI Bank Ltd. moved horizontally and closed at 1405 rupee (+0.2 percent). The stock has thereby closed up ten out of the past 11 days. The stock is trend wise positive in the medium term, has support at 1350 rupee and a further increase is indicated.
Shree Krishna Infrastructure Ltd. closed up 2.1 percent to 56.58 rupee. This past week the stock has gained as much as 30.6 percent. The volume was also very high. At session end it was bought and sold shares for about 13 million rupee in the stock, which equals 14 times mean daily turnover. The stock is trend wise negative in the medium term and has resistance at 73.00 rupee.

Winners Friday

Saptak Chem & Business Ltd19.88%
Sumeru Industries Ltd.17.18%
Shivansh Finserve Ltd.15.97%
Butterfly Gandhimathi Appl15.06%
Manaksia Steels Ltd.14.63%

Losers Friday

Ami Organics Ltd-51.48%
Jetmall Spices & Masala Lt-12.40%
SRM Contractors-11.70%
AMD Industries Ltd.-11.70%
Shantanu Sheorey Aquakult -10.92%

Most traded Friday

Apollo Hospitals Enterpris3398.12
Reliance Industries Ltd.2007.14
Spicejet Ltd1323.90
Axis Bank Ltd1200.87
Dixon Technologies (India)1140.46

Today's free analyses Infosys Ltd

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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