Navin Fluorine International was the biggest gainer in the futures & options segment, rising 5.56 percent to Rs 4,123.65, the highest closing level since December 26, 2022 and formed robust bullish candle on the daily charts with significantly higher volumes. It has decisively broken consolidation range seen in last one week.

Promoters held 68.77 per cent stake in the company as of 30-Sep-2022, while FIIs owned 3.91 per cent, DIIs 1.37 per cent.

Rise in interest rates, recession fears, the Russia-Ukraine war as well as rising concerns over Covid cases in China will keep the markets on edge in 2023, suggest experts. “This decline in forex reserves is to defend the rupee amid pressures caused majorly by global developments. On the technical front, 17950 and 18300 are immediate support and resistance in Nifty 50,” Mohit Nigam, Fund Manager & Head - PMS, Hem Securities, said.

Metro Brands rose 3 percent to Rs 883.50, and formed bullish candle on the daily charts with strong volumes. The stock has given a healthy breakout of horizontal resistance trend line adjoining October 27 and December 8, 2022.

"The benchmark Nifty recovered smartly during the week, pairing more than 50% of the previous week's loss. The index has formed a bullish harami pattern on the weekly chart, suggesting a bullish reversal. Besides, the index has closed above its 50-week exponential moving average.

Stocks that were in focus include names like FACT which was up nearly 10%, Bharat Dynamics which gained more than 2%, and Hikal which gained more than over 3% on Thursday.

The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 18,600 levels on Wednesday.

BEML rose 44.87 per cent for the month to Rs 1,846.50 from Rs 1,274.55 level in June end. Analysts have been positive on the stock as the demerger process has picked up pace and strategic disinvestment is on the cards. Analysts noted that the companys order book of Rs 9,100 crore provides revenue visibility for the next 2-3 years. JSW Energy soared 43.11 per cent for the month to Rs 341.05 against Rs 238.30 level last month.

Hikal share price clocked 9.2 percent gains at Rs 322.35, continuing uptrend for fourth straight day, and formed strong bullish candlestick pattern on the daily charts for second consecutive session. In fact, it has broken long down sloping resistance trend line adjoining September 16, 2021 and May 6, 2022.

ICICI Direct recommended hold rating on Hikal with a target price of Rs 290 in its research report dated August 16, 2022.

Insurance behemoth Life Insurance Corporation said the exercise of determining its embedded value as of March 2022 is on' and is likely to be completed by July 15.

According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund sold 25,00,000 shares at an average price of Rs 249.02 apiece, valuing the transaction size at Rs 62.25 crore.As of March 2022, Smallcap World Fund owned a 3.47 per cent stake in the company.

Out of the BSE-500 index, Solara Active, Dilip Buildcon, Indiabulls Real, Hikal, Indiabulls Housing, Brightcom Group, Metropolis Healthcare, Jindal Stainless, RBL Bank, and Dishman Carbogen are 48-68% away from their 200-DMAs. This means pessimism in these stocks is high. Stocks in the financial sector are furthest away from their 200-DMAs.

The Nifty Realty index closed 1.89 per cent up at 404.25.

In the Nifty50 index, 22 stocks closed in the green, while 28 stocks ended in the red.

In the Nifty pack, 22 stocks closed in the green, while 28 stocks ended in the red.

Bharti Airtel, ITC, RIL, UPL and Asian Paints were among the top losers on NSE in today's trade.

Hikal Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 3634.29 Crore) operating in Pharmaceuticals sector.

In the Nifty 50 index, 12 stocks ended in the green, while 38 stocks closed in the red in today's trade.

Grasim Inds., UltraTech Cem., Shree Cements, Hero MotoCorp and Maruti Suzuki were among the top losers on NSE in today's trade.

Aether Industries Ltd., Ion Exchange, Globesecure Technologies Ltd., Globe Intl. Carriers and Shubhlaxmi Jewel Art, hit their fresh 52-week highs during the day.

In the Nifty50 index, 12 stocks closed in the green, while 38 stocks ended in the red.

In the Nifty pack, 12 stocks closed in the green, while 38 stocks ended in the red.

The Nifty IT index closed 0.37 per cent up at 29903.8.

The Nifty Auto index closed 1.82 per cent down at 11282.15.

The Nifty Bank index closed 0.95 per cent down at 35275.05.

The Nifty IT index was trading 0.23 per cent down at 29610.9.

Supriya Lifescience plunged over 17 per cent after the company said its profits declined 32 per cent sequential

News reports, citing the police, have said the industrial chemical that leaked on January 5 was allegedly collected from Hikal in Taloja of Maharashtra. Hikal management clarified that the leak did not come from the tanker that was from Hikal.