ITC was the major gainer among the Nifty stocks. The stock soared 5% to Rs 236 after the company said it would hold its ‘Institutional Investors and Financial Analysts Day’ on Tuesday, December 14. The stock was up for the third straight trading session today.
Larsen & Toubro shares increased by 3%. Asian Paints, Reliance Industries, Mahindra & Mahindra, and Bajaj Finance were other major players in the market. Shares of HDFC Bank, on the other hand, fell by 1.7%. Other losers were Titan, Nestlé India and NTPC.
Broader indices led to strong gains. The BSE Midcap Index increased by 0.4% and the Smallcap Index increased by 0.8%. Overall performance was also quite positive, with nearly two rallies per share falling by BVB.
Among the sector indices, the BVB capital goods index grew by 2%. The FMCG and Energy indices increased by 1.5% each. The Telecom and Oil & Gas indices also grew in percentage terms. Bankex, on the other hand, fell by 0.5%.
ITC Stock Trend Analysis
As per Technical Analysis in ITC strong resistance level 239 and Down side strong support 232.
L&T Technical Level analysis
Technically L&T near to strong resistance level 1890 and strong support near to 1840. Positionally stock in Bull trend up side target 2160 as per my Gann Time Price analysis down side strong support 1760.
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