Tuesday, June 25, 2019

MARKET SUMMARY OF 25 JUN 2019

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Nifty recovered from first hour's sell-off and strengthened as the day progressed to end near day's high on June 25 after. The gain comes after losses in the previous two sessions.Advancement of southwest monsoon and stability in crude oil prices lifted traders sentiment.The index took support at its 50-DEMA, near 11,650 and rallied towards 11,814 intraday, forming bullish candle that resembles Bullish Engulfing pattern on daily charts.Top companies where promoters have trimmed their stake in the past one year Tyre stocks gain as govt imposes additional duty on Chinese tyre imports HDFC AMC hits record high, rises 9% in four days. ACC, Ambuja Cements, UltraTech: Three cement stocks that can rally 10% Stock of the day Trent soars to record high on fundraising plan; stock rallies 10% in a week ICICI Lombard falls 8% after block deals Emami soars 12% after promoters set timeline to reduce debt.

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