Wall Street's main indexes reversed declines on Thursday after a report said some U.S. big banks were in talks with First Republic Bank for a potential deal, while comments from Treasury Secretary Janet Yellen also boosted investor sentiment

At the other end of the spectrum, Bharat Dynamics, which has also seen a consistent rise in public shareholding, has rewarded investors handsomely. The stock has rallied over 81% in the last one year. It is trailed by another stock from the defence space Hindustan Aeronautics which has risen over 75%.

She also talked about setting up an agriculture accelerated fund to promote agri startups in rural India to improve farm productivity and farmers profitability. ICICI Direct said measures to boost farm income in the Budget are positive for the farm mechanisation space with key beneficiaries being M&M and Escorts on the tractor front.

Budget 2023-24: These stocks have not done well. In the last year, Waterbase has fallen 24 percent, Apex Frozen Foods 26 percent and Avanti Foods 31 percent

“Were seeing consolidation on the expected lines, which is healthy after the recent surge. We expect the resumption of the trend soon, meanwhile focus on sectors that are attracting buying interest on every dip and select the stocks accordingly,” Ajit Mishra, VP - Research at Religare Broking, said.

Easy Trip Planners Ltd., BSL Ltd, V-Marc India Ltd., Kaynes Technology India Ltd. and Hi-Tech Pipes, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 0.26 per cent up at 42457.05.

BPCL, Nestle India, Power Grid, Bharti Airtel and Kotak Bank were among the top losers on NSE in today's trade.

The Nifty Auto index closed 0.39 per cent up at 12745.5.

The Nifty IT index closed 0.81 per cent up at 29446.9.

The Nifty Pharma index closed 0.33 per cent up at 12836.35.

The Nifty Realty index closed 1.22 per cent down at 437.7.

Avanti Feeds : Is forming a strong symmetrical triangle pattern on weekly timeframe at LTP: 507.35 and has been taking continuous supports on the primary trendline(yellow-dashed) and is respecting the trendline ever since 2016 till 2022 today. The sudden rise in shrimp demands from china and USA has overpowered company's exports with good receivables too. This has happened for first time since covid-19 when the company's exports are in demand majorly by china. Being the Market leader in Aqua …

Avanti Feeds Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 6360.63 Crore) operating in Aquaculture sector.

US stock indexes opened higher on Tuesday as investors returned from a long weekend to scoop up shares of megacap growth companies and banks that were hammered in a rout last week on worries over a global economic downturn.

The trend is likely to remain sideward in the short term. On the lower end, support is visible at 15,650. On the higher end, resistance is placed at 15,900/16,000,” said Rupak De, Senior Technical Analyst at LKP Securities.

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of P&G Health, Home First Finance, Siemens and Avanti Feeds.

The RSI indicator plotted on the weekly charts is moving upward from oversold region and it is sustaining above 40 mark with the formation of higher low indicating positive momentum of Avanti Feeds.

Midcap and smallcap indices jumped 3-6 per cent in March and have continued their good show in April so far. A few mutual fund (MF) picks for the month included battered names such as GMR Infrastructure and Coforge (erstwhile NIIT Technologies), which are down up to 30 per cent year-to-date.

Avanti Feeds jumped 7 per cent to Rs 575.7. Apex Frozen and Godrej Agrovet rallied 5 per cent each to Rs 267.80 and Rs 640, respectively.

Avanti Feeds Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 7254.40 Crore) operating in Aquaculture sector.