News for Gallantt Ispat Limited (GALLISPAT.BO)

The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.

Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.

The Indian rupee touched record low 83.57 during the week and ended marginally lower at 83.47 on April 19 against its April 12 closing 83.42.

Top Nifty gainers were Maruti Suzuki, Cipla, Eicher Motors, SBI Life Insurance and Power Grid Corporation, while losers included UltraTech Cement, L&T, Dr Reddy's Laboratories, JSW Steel and Grasim Industries.

Market rose for the fifth consecutive session today as Sensex ended 759.49 points or 1.05 per cent to a lifetime closing high of 73,327.94.

Q3 results today: HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, TV18 Broadcast and Federal Bank are among the 31 companies set to release Q3 earnings today with analysts expecting overall good numbers.

Stocks to watch: Check out the companies making headlines before the opening bell today, on January 16, 2024.

A long build-up was seen in 71 stocks, which included ONGC, Tata Communications, Granules India, IndiaMART InterMESH, and Wipro.

In this week, broader indices also touched fresh record highs with BSE-Midcap, BSE-Largecap and BSE-Smallcap added 2.6 percent, 2 percent and 1.6 percent, respectively.

In November, when Nifty 50 gave over 5% returns, 334 smallcap stocks registered double-digit returns.

During the week, Foreign institutional investors (FIIs) bough equities worth of Rs 8,648.96 crore, while Domestic institutional investors (DIIs) also bought equities worth Rs 666.06 crore.

The biggest gainers on the Nifty included Hindalco Industries, UltraTech Cement, Bajaj Auto, JSW Steel and Tata Motors, while losers were ONGC, NTPC, Adani Enterprises, UPL and Adani Ports.

Foreign institutional investors (FIIs) turned net sellers in this week, as they sold equities worth of Rs 6,422.24 crore, while Domestic institutional investors (DIIs) bought equities worth Rs 9,093.99 crore

The biggest Nifty losers included Adani Ports, Adani Enterprises, UPL, Tata Steel and Coal India, while the gainers were ONGC, Tata Consumer Products, Britannia Industries and HDFC Bank.

The steel-maker had in July ordered for two rakes, worth Rs 55 crore, to tide over the shortfall of wagons at its disposal. The company will use them to transport iron ore

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

GIDA will allot 45 acres to the company for the plant, which will generate about 1,500 jobs

Indian equity markets continued to trade in the red on Monday amid weak global cues. A total of 88 stocks hit 52-week high on the Bombay Stock Exchange, while 121 scrips were at fresh lows intraday.