News for DCM NOUVELLE LIMITED (DCMNVL.BO)

Stocks to watch today, July 30, 2024: GIFT Nifty indicates a lacklustre start for the benchmark equity indices on Tuesday. Here are buzzing stocks to watch during today's trading session

Stocks to watch today, July 29, 2024: GIFT Nifty indicates a positive start for the benchmark equity indices on Monday. Here are buzzing stocks to watch during today's trading session

The Nifty Pharma index was trading 0.64 per cent up at 19913.35.

The Nifty Auto index closed 0.49 per cent down at 20840.2.

The Nifty Bank index closed 0.34 per cent up at 47456.1.

The NSE Nifty index was trading 35.35 points up at 19341.4

Till the index firmly withholds the pivotal support of 19,500, there is no sign of caution in the market. While on the higher end, 19,800-20,000 holds stiff resistance and a decisive move beyond which could trigger the next leg of rally

The market witnessed volatility amid mixed cues, including better progress of monsoon, FIIs turning net sellers, mixed earnings and interest rate hiked by the ECB and the US Fed

In the Nifty pack, 33 stocks were trading in the green, while 17 stocks were trading in the red.

Banks will dominate upcoming earnings reports, but there are also tech companies reporting. IT sector faces uncertainty due to selling pressure.

BSE Sensex dropped 193.70 points, or 0.31 per cent, to settle at 62,428.54, while NSE's Nifty50 declined 46.65 points, or 0.25 per cent, to end the session at 18,487.75 for the day.

Stocks to watch: India Grid Trust, Reliance Ind, Adani Enterprises, YES Bank, Hero MotoCorp, etc.

During the week, foreign institutional investors bought equities worth of Rs 3,986.25 crore while domestic institutional investors sold equities worth of Rs 1,240.47 crore

In Samvat 2078, the BSE smallcap index fell 1.16 percent, the midcap index slipped 4.5 percent and the largecap index skidded 1 percent

During the week, foreign institutional investors (FIIs) bought equities worth Rs 1,324.34 crore of equities, while domestic institutional investors (DIIs) bought equities worth of Rs 3,569.49 crore

In the Nifty pack, 36 stocks closed in the green, while 14 stocks ended in the red.

Some of the stocks had delivered solid returns and, despite the steep falls, are still sitting on strong one-year returns, data compiled by Trendlyne suggests. Data showed Samtex Fashions sank 64 per cent from its 52-week high, Dhampur Sugar slumped 55 per cent; DCM Nouvelle plunged 53 per cent over its one-year high.

Rajesh Palviya of Axis Securities advised that traders should trail stop-loss towards 18,100 levels for all long positions with an upside towards 18,300-18,400 levels.

BSE Sensex and Nifty 50 were trading over half a per cent down on Wednesday, due to sell-off in index heavyweights such as ICICI Bank, ITC, and HUL.