Nifty closes above 17,800; Pharma, IT and auto sector stocks rally
Nifty closes above 17,800; Pharma, IT and auto sector stocks rally

Nifty closes above 17,800; Pharma, IT and auto sector stocks rally

Divis Lab, Eicher Motors and Bajaj-Auto are the top gainers while Power Grid, Nestle and NTPC were the top losers amongst Nifty 50 stocks.

DSIJ Intelligence Article rating: 4.8

Nifty closed around the day's high after filling the opening gap. It closed higher around 90 points or 0.51 per cent to close around the 17,812 level. BSE Sensex rallied more than 235 points and closed just below the important resistance of the downward-sloping trendline on the daily timeframe. Nifty Midcap 100 and Nifty Smallcap 100 rallied 0.65 per cent and 0.53 per cent, respectively. 

Shares below Rs 100: Only buyers were seen in these stocks on April 12
Shares below Rs 100: Only buyers were seen in these stocks on April 12

Shares below Rs 100: Only buyers were seen in these stocks on April 12

On April 11, domestic institutional investors (DII) sold shares worth Rs 264.02 crore while foreign institutional investors (FII) net brought shares worth Rs 342.84 crore.

DSIJ Intelligence-1 Article rating: 4.6

On April 11, domestic institutional investors (DII) sold shares worth Rs 264.02 crore while foreign institutional investors (FII) net brought shares worth Rs 342.84 crore.

Penny stock Suzlon Energy: Can this major order act as a driving force for the tepid stock price?
Penny stock Suzlon Energy: Can this major order act as a driving force for the tepid stock price?

Penny stock Suzlon Energy: Can this major order act as a driving force for the tepid stock price?

Following Ashwani Kumar's resignation, JP Chalasani was appointed as Suzlon Energy's new CEO on April 5, 2023. As of this point, the order will be overseen and carried out under his supervision.  

DSIJ Intelligence-1 Article rating: 4.0

Following Ashwani Kumar's resignation, JP Chalasani was appointed as Suzlon Energy's new CEO on April 5, 2023. As of this point, the order will be overseen and carried out under his supervision.  

Divis Labs jumps 7 per cent: these 3 mutual funds set to gain the most - do you hold any?
Divis Labs jumps 7 per cent: these 3 mutual funds set to gain the most - do you hold any?

Divis Labs jumps 7 per cent: these 3 mutual funds set to gain the most - do you hold any?

In the last five years, the API major has achieved compound earnings per share (EPS) growth of 22 per cent per year, which is amazing.

DSIJ Intelligence-3 Article rating: 4.2

The loyal shareholders and mutual funds that hold this stock in their portfolio stand to benefit the most from this upsurge in the stock of Divis Laboratories. Let's take a look at the top three mutual fund schemes that benefit the most from this upsurge. 

Watch out for these penny stocks locked in the upper circuit on April 12
Watch out for these penny stocks locked in the upper circuit on April 12

Watch out for these penny stocks locked in the upper circuit on April 12

Out of the 13 major sectoral indices, 11 showed progress, with financials and information technology stocks increasing by 0.3 per cent and 0.1 per cent, respectively.

DSIJ Intelligence Article rating: 4.3

There was some caution due to the release of important macroeconomic data later in the day and throughout the week. 

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