News for Shalimar Paints Limited (SHALPAINTS.BO)

Buzzing Stocks Today, Stocks that will see action today: Max Healthcare, HFCL, Welspun, PowerGrid, Waaree Renewable, Ambuja Cements, Hyundai, Samvardhana, GIC, BSE, FSN e-Commerce, 3m India, Suven Pharma, eIH, RPower, Sundaram-Clayton

In the Nifty 50 index, 38 stocks were trading in the green, while 12 stocks were trading in the red.

The Nifty Pharma index was trading 0.42 per cent at 22668.40.

In the Nifty50 index, 41 stocks were trading in the green, while 9 stocks were in the red.

Coal India Ltd, ONGC, Axis Bank, BEL and Bajaj Auto were among the top losers on NSE.

In the Nifty pack, 30 stocks were trading in the green, while 20 stocks were trading in the red.

Mask Investments, Dynamic Cables, Kirloskar Pneumatic, The Anup Engg and ABM International, hit their fresh 52-week highs at 10:04AM.

Diffusion Engineers, Unichem Labs, Tirupati Forge, Tainwala Chem and Creative Eye, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 1.36 per cent down at 51257.15.

Shares of paint companies like Asian Paints and Indigo Paints saw gains of up to 6% on Wednesday due to a decline in crude oil prices. This drop in crude prices, crucial for producing raw materials used in paint manufacturing, contrasted with the overall market trend where indices Nifty and Sensex were trading lower.

Brent crude oil fell nearly 5 per cent on Tuesday. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints

With a fall of 85%, Sanmit Infra emerged as the top loser on the list; the scrip fell to Rs 14.08 on August 29 from its 52-week high of Rs 90.92

BSE's Sesnex added 66.14 points, or 0.09 per cent, to settle at 73,872.29. NSE's Nifty50 index advanced 27.20 points, or 0.12 per cent, to end the session 22,405.60 for the day.

Q3 Results Today: Tata Power, Pfizer, Hero Motor, Bajaj Healthcare, Saregama India, Inox Wind, Bajaj Hindustan Sugar and tv today Network among 351 companies that will post their quarter 3 2024 results today on February 9.

Warburg Pincus divests stake in Kalyan Jewellers, spectrum auction approved, railway projects approved, and more corporate news.

The smallcap counter has delivered multibagger returns of over 200% in the past 12 months, which is significantly higher than Nifty itself, which has delivered impressive returns of over 23% during this time.

The short-term technical outlook for Nifty continues to be in favor of the bulls, with support seen at 20089-19909 and resistance at 20500-20751, says Prashanth Tapse, Senior VP (Research), Mehta Equities.

All the sectoral indices ended in the green with BSE Oil & Gas and Power indices adding 5.7 percent each, BSE Capital Goods index up 3.6 percent, and BSE Metal index up 3 percent.

In the Nifty pack, 30 stocks closed in the green, while 19 stocks ended in the red.