Market Pulse: Confirmed Uptrend
Distribution Days: 7
On June 11th, the Nifty reclaimed its recent high at 25,116 and is now trending firmly above all its key moving averages, signaling a strong resurgence in bullish momentum. As a result, the overall market condition has been upgraded from Uptrend Under Pressure to a Confirmed Uptrend, reflecting renewed strength and positive sentiment. Market breadth continues to improve, with leading stocks across multiple sectors showing strong momentum.
In the current environment, stocks breaking out of early-stage bases, exhibiting higher relative strength, and backed by strong fundamentals are well-positioned for potential outperformance. Rather than speculating on market movements, we will closely track price action and adapt to evolving conditions.
However, should the distribution day count increase or Nifty breach key support levels, we may downgrade the market status to "Uptrend Under Pressure" to reflect heightened risk.
Buy Watchlist
Astrazeneca Pharma India, Banco Products (India) Ltd, Aarti Pharmalabs, Au Small Finance Bank, Fortis Healthcare (Nse), Interarch Building Solutions Ltd and more.
Key News & Earnings Updates
Hindustan Aeronautics has acquired the SSVL technology from ISRO with the highest bid of ₹511 crore.
Waaree Energies Ltd raised its solar EPC order by ₹246.92 crore to ₹1,480.40 crore, strengthening its position in large-scale solar execution.
Bank Of India will consider raising up to ₹5,000 crore via Basel-III compliant infra bonds on June 26. Last year, it raised ₹2,690 crore at a 7.5% coupon.
L T Foods may face pressure after its unit, Ecopure, was hit with a 340.7% US duty on organic soybean meal exports, impacting margins and earnings.
NLC India won a 250 MW/500 MWh battery storage project from Tamil Nadu Green Energy Corp under the BOO model, backed by state funding.
Bharat Electronics has secured ₹585 crore in fresh defence orders since June 5, strengthening its role in India’s defence modernisation.
Zensar Technologies has acquired a majority stake in TISA Aerospace, a defence tech firm focused on loitering munitions and UAVs, through a mix of share purchase and CCD acquisition.
Oil & Natural Gas ONGC's board has approved a corporate guarantee of up to $412 million to support OVL’s overseas IFSC operations.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.