SGX Nifty Indicates Higher Opening; Berger Paints and Hindustan Foods to Report Results Today

At 8:00 am IST, SGX Nifty Futures was trading at 15,264, compared with Nifty close of 15,208 yesterday. rnMarket Pulse: Confirmed UptrendrnDistribution Day Count: Threern rnGlobal stock markets: Dow30, -0.2%; S&P 500, -0.2%; Nasdaq, -0.03%; Kospi, -0.2%; Nikkei, +0.1%; Shanghai Composite, +0.5% rnYesterday, Nifty gapped higher but gradually moved lower as the day progressed. In the last hour, Nifty recovered from the day’s low and managed to close in the green. Volume was lower compared with the last few sessions. Banking and Financial-related stocks underperformed (HDFC Bank, Axis Bank, IndusInd Bank, and HDFC were down 0.5–2.0%). All other sectors closed in positive territory. Nifty Pharma, FMCG, Realty, IT, and Auto closed 0.2–0.7% higher. Nifty Bank and Financial Services closed almost 1% lower. The advance-decline ratio was in favor of advancers. Of the 2,263 stocks traded, 1,040 advanced, 874 declined, and the rest remained unchanged. Nifty is trading 2.5% and 3.0% above its 21- and 50-DMA, respectively. rnLast week, Nifty retook its 50-DMA, did not add a distribution day, and registered an additional follow-through day, which are positive signs. We would like the index to hold its 50-DMA and trade above that. Without trying to predict and decode stories, we will take what the market gives and continue to monitor unfolding conditions. If the index falls further, adds a distribution day, and breaches its key moving averages, we may change the market status to an Uptrend Under Pressure. Focus on quality ideas emerging out of sound bases with relative strength line at or near new highs while reducing exposure to stocks breaking below key support levels. rnKey Results Today: Berger Paints India, Hindustan Foods, Pfizer (Nse) , Cummins India (Nse), and others. rnKey News: rnGodawari Power & Ispat reported its Q4 FY21 results. Revenue was up 60% y/y to Rs 1,262 crore. Margins improved to 38.8%. Finance cost was down 44% y/y to Rs 27.6 crore. rnAia Engineering recommended a final dividend of Rs 9 per equity share. rnBodal Chemicals incorporated a wholly-owned subsidiary in Indonesia. rnStocks on the move on 25.05.2021rn rnUp in pricern rnDown price Buy Watchlist: Action Construction Equ., State Bank Of India, Ambuja Cements, Eveready Inds.(India), Varun Beverages, Colgate-Palmolive India, Sharda Cropchem, Astral, I G Petrochemicals, Berger Paints India, Icici Bank, Ramkrishna Forgings, Gujarat State Petronet, Apollo Hosps.Enterprise, and Apollo Tricoat Tubes Recent Articles : Watch Out For This Dairy Producer As It forms a Cup Without Handle Pattern. Godrej Industries Stock Is Marching Towards 52-Week High Is Valiant Organics A Good Buy? For more details please visit: SGX Nifty Indicates Higher Opening; Berger Paints and Hindustan Foods to Report Results Today Stock Market Research Market Smith India William O’Neil India