Top Stocks: Jet Airways falls 5%, Infosys Top Gainers, Bharti Airtel in focus, Buy Axis Bank, sell Indigo
JET AIRWAYS FALLS 5%- JET AIRWAYS share price is down 3.9% to Rs 216.2 on the BSE. On the NSE, the JET AIRWAYS share price is down 3.9% to Rs 215.7. The total volume of shares traded is 3.3 m.
Overall, the benchmark S&P BSE SENSEX is trading at 36,041.1 (up 0.4%).Over the last 30 days, the JET AIRWAYS share price is down 11.9%. And over the last one year, JET AIRWAYS share price is down 70.9%.
Market Opens: It is a strong start for the indices on Thursday with Nifty trading around 10,850 level. At 09:18 hrs IST, the Sensex is up 139.66 points at 36045.09, while Nifty is up 40.90 points at 10847.60. About 525 shares have advanced, 138 shares declined, and 33 shares are unchanged.
Bharti Airtel in Focus- BHARTI AIRTEL share price is up 0.9% to Rs 322.9 on the BSE. On the NSE, the BHARTI AIRTEL share price is up 0.9% to Rs 323.2. The total volume of shares traded is 1.0 m. Overall, the broader S&P BSE TECK Index is trading up by 0.3%. And the benchmark S&P BSE SENSEX is at 35,989.4 (up 0.2%). Over the last 30 days, the BHARTI AIRTEL share price is up 5.9%. And over the last one year, BHARTI AIRTEL share price is down 25.1%.
Buy Axis Bank- CMP: Rs 718.20 - Axis continues to be in a strong bullish trend as price reclaimed the position above its 20-DEMA. The occurrence of a “Bullish Belt Hold” candle line on February 26, followed by a gap up opening reaffirms the underlying strength. Traders should continue to build longs with a stop below Rs 693 “Belt Hold” lows for an immediate move towards Rs 740, followed by Rs 756.
Sell Indigo- Indigo's stock is moving lower after an unsuccessful attempt to breach previous highs attained on December 28, 2018, in turn forming “Double Top” around Rs 1,200 levels. Traders should initiate shorts at current levels for the rest of Rs 1,050 support to be obtained with the stop placed above Rs 1,155 levels.
Rupee Opens: The Indian rupee opened lower at 71.26 per dollar on Thursday versus Wednesday's close 71.22.
Sensex | Share Market | Bharti Airtel | Axis Bank Shares | Jet Airways | Rupee Update
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