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Market At Close | Headline indices fall for 7th day in a row amid volatility
Here are some highlights:
--Midcap outperformance keeps market breadth in favour of the bulls
--Adani Enterprises falls over two percent ahead of Nifty inclusion
--Asian Paints, Tech Mahindra, Hero MotoCorp and Bajaj Auto top Nifty losers
--Metal stocks rise on UK government's tax cut — Tata Steel and Hindalco gain up to three percent
--Aarti Industries falls six percent after brokerage report
--Vodafone Idea, Intellect Design, Dr Lal and Deeak Nitrite top midcap losers
--Abbott, PVR, IRCTC, Zydus, Torrent Pharma and Polycab top midcap gainers
Nifty50 finishes monthly F&O series in the red — key factors that influenced the market
The Nifty50 benchmark finishes the September derivatives (futures & options) series with a loss of 704.4 points or four percent. This marks the first negative series since June.
This translates to the worst performance of the 50-scrip gauge in a monthly series since May 2022. (Read more)
Torrent Pharma shares jump despite USFDA's Form 483 for Gujarat facility
The shares of Torrent Pharmaceuticals Ltd jumped 3.3 percent on September 29, a day after the US Food and Drug Administration issued a 'Form 483' with 3 observations for the company's manufacturing facility at Indrad, Gujarat. The company has, however, clarified that none of these observations were related to data integrity. (Read more)
Sell Bajaj Finance, buy Cipla: Ruchit Jain
Here are two recommendations by Ruchit Jain of 5paisa.com:
-- Sell Bajaj Finance for a target of Rs 6,900 with a stop loss at Rs 7,320
-- Buy Cipla for a target of Rs 1,160 with a stop loss at Rs 1,080
Sell Tata Consultancy Services: Manish Hathiramani
Manish Hathiramani, Technical Analyst, Deen Dayal Investments suggests selling Tata Consultancy Services (TCS) for a target of Rs 2,880 with a stop loss at Rs 3,080.
Sell TCS, buy HUL: Rahul Mohindar
Here are two recommendations by Rahul Mohindar of viratechindia.com:
-- Sell TCS for a target of Rs 2,980-2,940 with a stop loss at Rs 3,045
-- Buy Hindustan Unilever Ltd (HUL) for a target of Rs 2,800 with a stop loss at Rs 2,680
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