Indian stock: About fifteen shares hit an upper-circuit on the Bombay Stock Exchange (BSE), despite both benchmarks ended in the red in Thursday’s trading session.
Qualitech Labs Limited, Greenrest Financial Services, Oltech Solutions, Amvil Health Care, Universal Office Automation, Shreyas Intermediate were among the shares to hit the upper-circuit on 13 February.
Stock Market Today
On Thursday, February 13, India’s frontline index decreased for the seventh straight session as the initial profit was erased from the sale of the middle session, both push the Nifty 50 and Sensex In the negative area. However, the sale pressure in the last two trading sessions has gradually weakened.
In this context, the Nifty 50 ended the session with a slight decline of 0.06%, settling at 23,031, while the sensex closed 0.04% 0.04% compared to Wednesday’s bandh. Nifty Smallcap 100 Index Fall to 0.37%, while the Nifty Midcap 100 index increased by 0.25%, which closed at 50,881.
In sectoral space, Nifty Pharma led the profit, increased by 1.35 percent, as 15 of its 20 components closed in positive areas. Meanwhile, realty stocks rebound rapidly, making the Nifty Realty Index aid to break its six-day losing streak and end the session by 0.81%.
“On February 13, the Indian Equity Market closed on a flat note after experiencing significant instability throughout the trade session. Despite the ups and downs, the Nifty 50, performing flexibility at this level, maintaining above 23,000 marks. I succeeded in BSE Sensex The day finished 32.11 points, or 0.04%, 76,138.97, while the Nifty 50 fell by 13.85 points, or 0.06%, closed at 23,031.40.
The session saw a fast 190-point rally in the Nifty, followed by a decline of about 200 points from the day high, resulting in an inverted hammer candlestick on the daily chart. This pattern indicates a possible reversal in the market spirit, although further confirmation is required to determine the next directional step. The main support is placed at 22,900, a breakdown is potentially leading to 22,775, while resistance is seen at 23,250 and 23,500. A rally can trigger a rally towards a continuous 23,800–24,000 range above 23,500, “said Akash Shah, a technical research analyst of Broking.
