Nifty, Sensex Break Out Above resistance Zone– Thursday Closing Report


We had mentioned in Wednesday’s closing report that Nifty and Sensex at resistance zone. On Thursday, the indices opened gap up, and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 1.17 indicating positive sentiment across broader markets.

The trend of the major indices on Thursday’s trading are given in the table below:

On NSE, 71 securities advanced and closed at new 52 week high whereas 22 securities sank to close at their new 52-week lows. In sectorial indices Nifty PSU Bank and Nifty IT were the biggest gainers whereas Nifty Media and Nifty FMCG were the biggest losers. The broader market indices BSE Midcap and BSE Small cap ended 0.83% and 0.52% higher, almost in line with their larger peers.

US retail gasoline prices have fallen to lowest level since March. Delhi Government mandates wearing of face masks in all public places; a fine of Rs 500 will be imposed on not following the guideline.

Nykaa’s CEO of beauty private label division has resigned with effect from 16 August 2022.

FMR LLC has acquired 5% stake in Mahanagar Gas on 8 August. TCS has partnered with Five Star Bank for digital transformation. PVR has opened four screen multiplexes in Telangana.

According to Coal Ministry, July coal production was up by 11.37% to 60.42 million tons as compared to 54.25 million tons on yoy basis.

In quarterly results, Page Industries reported Q1FY22-23 revenue at Rs 1,341.3 crore as compared to Rs501 crore in the same quarter previous year and the profit at Rs 207 crore.

Bata’s Q1FY22-23 revenue jumped multifold on yoy basis to Rs 943 crore and the profit was at Rs 119.3 crore against loss in the same quarter previous year.

Wonderla Holidays ended with 20% upper circuit after reporting Q1FY22-23 results. Its revenue jumped multifold from Rs 4.3 crore to Rs 149 crore and the profit was at Rs 64 crore as compared to Rs 13 crore on a yoy basis.

Trent’s Q1FY22-23 revenue jumped to Rs 1,803 crore and the net profit was at Rs 115 crore as compared to loss of Rs 138.3 crore on a yoy basis.

Nucleus Software Exports Q1FY22-23 revenue declined 15.8% to Rs 128.8 crore and the profit declined 41.1% to Rs 10.8 crore.

Safari Industries Q1FY22-23 revenue more than doubled to Rs 293 crore and the profit jumped multifold to Rs 26.6 crore on a yoy basis.

Sapphire’s Q1FY22-23 revenue jumped 80.3% to Rs 546 crore and the profit was at Rs38 crore as compared to loss of Rs 26 crore on a yoy basis.

The top gainers and top losers of the major indices are given in the table below:

The closing values ​​of the major Asian indices are given in the table below:

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