Mumbai S.E. falls for the fifth day in a row

The market showed a small loss Thursday, and S&P BSE SENSEX ended the day at 72489 points, which is a decline of 0.6 percent. The index has now closed down for the fifth day in a row.

1531 shares showed a gain and 1768 showed a loss. 108 shares were unchanged and closed at the same price as the previous day. There was no trading in 302 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 64.9 billion.

Just Dial Ltd rose sharply to close at 1010 rupee, up 13.0 percent. The previous time the stock gained this much was Jan 20. 2022, when it closed up 13.8 percent. The stock has thereby closed up ten out of the past 13 days. The volume was also extremely high. At session end it was bought and sold shares for about 630 million rupee in the stock, which equals 55 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 930 rupee and a further increase is indicated.
Moschip Technologies Ltd. closed at 133 rupee after a solid gain of 20.0 percent. We must go back to Jul 13. 2015 to find an equally strong rise. That time the stock gained 20.0 percent. The volume was also very high. At session end it was bought and sold shares for about 1420 million rupee in the stock, which equals 12 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 107 rupee and a further increase is indicated.
Bharti Airtel Ltd. closed at 1267 rupee after posting a gain of 4.2 percent. The previous time the stock gained this much was May 31. 2023, when it closed up 4.8 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 1200 rupee and a further increase is indicated.
Ramco Systems Ltd. closed up 9.4 percent to 422 rupee. The stock has not closed higher since Jan 2022. The stock is with that up 20.5 percent after the buy signal from the rectangle formation three days ago.
Captain Pipes Ltd. moved up and ended at 22.82 rupee, which is an increase of 20.0 percent. The stock thereby broke the earlier top it set Jan 19 and reached a new year-high. This past week the stock has gained as much as 35.2 percent. It was also high volume. Overall it was traded for 261 millions rupee in the stock, which is nine times as much as normal daily turnover. The stock is trend wise negative in the medium term.
 


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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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