New India Assurance Company has seen a decisive breakout of long downward sloping resistance trendline on the weekly charts and surpassed previous swing high of February 15, 2021.

INS Imphal, the third in the Visakhapatnam-class stealth-guided missile destroyers, signifies 'Aatmanibharta' and showcases India's naval prowess. Designed by the Warship Design Bureau and built by Mazagon Dock Shipbuilders, Imphal stands as a testament to indigenous shipbuilding and technological advancement. The destroyer, equipped with cutting-edge weapons and sensors, reflects a significant achievement for the Indian Navy.

Congress general secretary Priyanka Gandhi Vadra took a jibe at Prime Minister Narendra Modi, suggesting that a movie should be made about him titled 'Mere Naam' (My Name), similar to Salman Khan's 'Tere Naam.' Priyanka claimed that Modi is always "crying" and is the first prime minister of India who is constantly troubled by his own pain.

From a technical standpoint, the 19700 level remains a significant resistance for Nifty, while support is observed in the range of 19450-19400, said Shrey Jain, Founder and CEO, SAS Online.

On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes.

Any correction towards 19,330 on the Nifty50 will offer a good opportunity to go long as it converges with 21DMA (19,348) as well as a bullish gap support area while the nearest resistance arrives at 19,550.

In its representation to the poll panel, the BJP had accused Priyanka Gandhi of making a "baseless and false" claim that the Narendra Modi government had privatised public sector undertakings (PSUs).

Nuvama Institutional Equities expects BHEL’s new thermal execution to pick up from FY25 end/FY26.

Nuvama Institutional Equities expects BHEL’s new thermal execution to pick up from FY25 end/FY26.

Capex stocks offer great growth opportunity in exports, but not all companies will make it

The BHEL stock has given a return of 57.68 percent over the last six months. The benchmark Nifty50 index has given a return of 6.45 percent over the same duration.

She also said the country's first prime minister Jawaharlal Nehru's idea behind setting up institutions like the Indian Institute of Management (IIM) and the All India Institute of Medical Sciences (AIIMS) was to take the country forward.

🌟Intraday Stock for tomorrow 08.11.2023🌟#BHEL

Priyanka Gandhi Vadra, a Congress leader, addressed a rally in Kukshi, Madhya Pradesh, ahead of the upcoming Assembly polls on November 17. She criticized the Narendra Modi government for its economic policies, including the privatization of state-run entities and the introduction of demonetization and the Goods and Services Tax (GST).

Murthy's appointment will come into effect from the date of his assumption of charge of the post on or after November 1. He will succeed Nalin Shinghal.

Volatility has been moving in a narrow range around 11 zones and thus not creating any major panic in the market with a capped upside.

The net short position of FIIs increased from Rs 70,647 crore on Thursday to Rs 81,077 crore on Friday.

In two different proceedings against Jaiprakash Power Ventures, the arbitration tribunal awarded "substantial" claims to BHEL, the company has said

) State-owned engineering firm BHEL on Thursday said it has paid Rs 88 crore as final dividend to Government of India for fiscal year 2022-23.

A cheque towards the final dividend on the equity (63.17 per cent) held by Government of India was presented to Union Minister of Heavy Industries Mahendra Nath Pandey by BHEL Chairman and Managing Director Nalin Shinghal, it said in a BSE filing.

Union Railway Minister Ashwini Vaishnaw has shared pictures of the upcoming Vande Bharat sleeper trains, which are expected to be launched in early 2024. These trains are being manufactured by a consortium of India's Rail Vikas Nigam Limited (RVNL) and Russia's TMH Group. The new sleepers will offer an alternative to the Rajdhani trains with improved lighting, interiors, and staircases.

Nifty is facing a crucial support zone at 19,500-19,600. While there may be a bounce back, it is likely to be limited and not sustain above the 19,900, 20,000 level due to selling pressure. The Bank Nifty is also seeing similar patterns of selling pressure and is technically weaker than the Nifty. Additionally, the FMCG and IT sectors are facing consolidation and lack of upside momentum.

On the options front, the maximum Call OI is placed at 19800 and then towards 19900 strikes while the maximum Put OI is placed at 19600 and then towards 19700 strikes.

Employees of HEC had protested on the day of Chandrayaan-3 moon landing, claiming that ISRO had not paid the PSU for the equipment supplied. The government, however, refuted the claim.

The net long position of foreign portfolio investors decreased from Rs 58,995 crore on Monday to Rs 33,913 crore on Wednesday.

The Supreme Court has upheld Bharat Heavy Electricals Ltd's decision to award a Rs 400-crore tender to BTL EPC Ltd for setting up an ash handling plant. The court set aside a Karnataka High Court's order that had quashed the tender, stating that substantial work had already been done on the project. The High Court had quashed the tender due to concerns over national security, as BTL EPC had a consortium agreement with Chinese company Fujian Longking Co. The Supreme Court rejected the argument, stating that BHEL had determined the eligibility and found no breach.

After a consolidation in the range of 20,000–19,200, the index has finally confirmed a breakout, which has a theoretical target of around 20,600, says Jigar Patel of Anand Rathi.

In the largecap segment, selling was prominent in the consumer space. Pidilite Industries, Marico, Berger Paint, Tata Consumer Products, and Trent were among the largecap bets that saw the highest selling by MFs last month, according to a report by ICICIdirect.

The company is in talks with Hindustan Aeronautics Ltd (HAL), Bharat Heavy Electricals Ltd (BHEL), and the Indian Space Research Organisation (ISRO). Aeroflex aims to diversify its revenue stream and increase its total revenue by 35% in the next three to four years, with at least 5% coming from aerospace.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

"Overall, we expect the focus to shift from mid and small caps to large caps in the near term, as investors may turn cautious on the broader market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

There is a sense of urgency to create a domestic ecosystem for such equipment given the war in Ukraine that has impacted Zorya-Mashproekt, the primary supplier of the MGTs to the Indian Navy. According to officials aware of the development, public sector undertaking Bharat Heavy Electricals Limited (BHEL) and Bharat Forge from the private sector are said to be among the companies that have been individually consulted for developing and supplying the MGT suited to the Indian Navy's needs.

“With the new business model in the product categories that Tata Consumer has entered into, there is a steady growth. So, valuation-wise, it is looking a bit stretched. But it is delivering in terms of earnings. For somebody who wants to hold a core portfolio, this is a great stock to have.”

Oil prices spiked more than 1% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (bpd) reduction for another three months through December.

Bharat Heavy Electricals, incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 49149.32 Crore) operating in Engineering sector.

In the case of BHEL, "if you were to just consider Rs 140 as a long-term resistance level, once it breaks out over there, the momentum will carry this trade into next year. Our targets are around Rs 180-200 and possibly higher as the new addition in the order book starts flowing in."

State-owned Bharat Heavy Electricals Limited (BHEL) on Monday announced that it has bagged an order from NHPC for its 2,880 MW Dibang multipurpose project in Arunachal Pradesh. The order for the electro-mechanical (E&M) work for the project has been bagged against a stiff competition under international competitive bidding, BHEL said in a statement.

“There is an inherent strength in all the balance sheets of the large scale metal companies. Metal companies have seen a brilliant consolidation of one or two years. The prices are favourable and we are going to see an up cycle over the next one or two years. It could be a good time to look at this sector.”

The multibagger stock with 128% returns on investment over the last 12 months could rise by another 48% in the next 3-4 quarters, according to experts.

Stocks that were in focus included names like MTAR Technologies, which rose 10.01%, BHEL, which gained 11.75%, and HDFC AMC, whose shares declined 3.42% on Friday.

"Profit-booking was observed in August, with the bears dominating the market. Following the stunning run in recent months, the majority of short-term technical indicators had previously indicated that the markets will experience a period of momentum loss and exhaustion. As a result, it did not come as a surprise to investors looking for ways to profit from the upswing."

#BHEL already give the breakout now let's see it will go up after retesting or breakdown while retesting

#BHEL 1M - Long time channel break & trend Change

The stock was trading in an overbought zone with days RSI and MFI at 73.6 and 81.8 according to Trendlyne data. A number above 70 is considered to be an overbought zone for the stock. BHEL is also trading above its 50-day and 200-day Simple Moving Averages (SMA) according to Trendlyne data.

From the Sensex stocks, Jio Financial Services, Maruti, Tata Steel, HCL Tech, and Tech Mahindra opened higher, while Bharti Airtel, Bajaj Finance, HDFC Bank, and Sun Pharma opened lower.

BHEL has secured an order to set up a 2x800 MW supercritical thermal power project (stage-II) at Lara in Chhattisgarh through international competitive bidding

In a separate exchange filing, NTPC said its board has given investment approval for establishment of the Lara Super Thermal Power Project, Stage-II (2x800 MW) at a cost of Rs 15,529.99 crore.

August 30, 2023, was a significant day for midcap stocks, as they achieved new 52-week highs, reflecting their growth potential and positive market sentiment.

#BHEL already give the breakout now let's see it will go up after retesting or breakdown while retesting

BHEL continued to hit fresh multi-year highs and closed 4.7 percent higher at Rs 114.65, forming long bullish candlestick pattern on the daily scale with above average volumes. The stock continued its uptrend for yet another session.

Bharat Heavy Electricals., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 38320.11 Crore) operating in Engineering sector.

"We believe that the long-term growth opportunity for Zomato is very strong and we are expecting it to turn EBITDA positive by the fourth quarter of this year which should result in a strong profitability going forward. For FY24, we have a PAT of 1.3 billion. And for next year, FY25, it should increase to Rs 8 billion. Hence, the momentum for Zomato should continue."

Whether it is Chakradhara Aerospace & Cargo Pvt Ltd (CACPL) tucked away in Coimbatore, or established giants like Tata Consulting Engineers or the government-owned SCL chip unit in Mohali — everyone had their part to play in the Vikram lander touching down the south pole of the moon.

“For the companies which are associated with Chandrayaan 3, there will be a surging order bookd and interest from global investors. It also opens up the export markets. PSUs and defence companies were given lower multiples in the past because of the limited order size, but now I think they will be re-rating.”

India VIX, which is a measure of the fear in the markets, fell 0.17% to settle at 11.73 levels.

​​After trading hours on Wednesday in Mumbai, India made history becoming the first country to land on the South Pole of the lunar surface.