Live: Sensex, Nifty Flat; Oberoi Realty At Six-Month High
Bear and bull figurines stand in front of a photograph inside a money museum in Frankfurt, Germany. (Photographer: Alex Kraus/Bloomberg)

Live: Sensex, Nifty Flat; Oberoi Realty At Six-Month High

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Buzzing Stock: MM Forgings

  • Top gainer on the BSE Smallcap index
  • Gains as much as 12.2% to Rs 341.3
  • Trading at the highest level in six months
  • Has alternated between gains and losses in the five trading sessions this week
  • Today's volumes are 10% higher than its 20-day average
  • Stock in Overbought territory with Relative Strength Index (RSI) at 76
  • Broke above 200-Day Moving Average at 271.1 on Friday, September 11
  • Still trades 27.4% below its 52-week high of Rs 470.5 on January 31, 2020, despite more than doubling from its 52-week low of Rs 151 on May 22, 2020
  • Two out of the three analysts tracking the stock have a buy recommendation; 0 sell calls
  • Return potential of the stock as per Bloomberg data is 47.8%

Buzzing Stock: Oberoi Realty

  • Top gainer on the Nifty Realty index
  • Second best performer on the BSE Midcap index
  • Gains as much as 7.7% to Rs 439.4
  • Biggest single-day gain in five months
  • Trading at the highest level in six months
  • Has gained in eight out of the last 10 trading sessios
  • Up 20% in the last 10 trading sessions
  • Today's volumes are 29% below its 20-day average
  • Breaks above its 200-Day Moving Average at 420.4
  • Stock nearing overbought territory with Relative Strength Index (RSI) at 70
  • Trades 25% below its 52-week high of Rs 584 on January 27, 2020
  • 16 out of the 27 analysts tracking the stock have a buy recommendation; 3 sell calls
  • The stock rose above its 12-month consensus price target of Rs 415.1 in today's session

Realty Index Among Top Sectoral Gainers

Markets At Noon

  • Benchmark indices remain in a range
  • Nifty up 0.36% at 11,557
  • Sensex up 0.14% at 39,034
  • Nifty Bank unchanged at 22,313
  • Nifty Midcap index up 0.6%
  • Nifty Smallcap index up 0.8%
  • India Volatility Index down 3.3% at 19.43
  • Nifty Pharma extends gains as top sectoral gainer; up 5.7%
  • Nifty Realty and Nifty Media are the other sectoral gainers; up 2% and 1.4% respectively
  • Nifty FMCG is the top sectoral laggard; down 0.8%
  • Dr Reddy's extends gains as the top Nifty gainer; up 8.6%
  • Hindustan Unilever is the top Nifty laggard; down 1.7%
  • 1,024 stocks on the NSE trade with gains while 700 decline

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