Market Bizzz

​As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

There was also action in commodities as gold reached another record, oil a five-month peak and copper a 13-month top, helping lift shares in basic materials and energy companies.

Brent futures for June rose 15 cents, or 0.2%, to settle at $89.51 a barrel at 0037 GMT. U.S. West Texas Intermediate (WTI) futures for May rose 15 cents, or 0.2%, to $85.59 a barrel.

Bharti Hexacom’s IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.

Here’s what Viral Chheda, Sr Technical Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.

The yuan was steady after a private-sector survey showed that China’s services activity growth accelerated in March, in a sign sentiment was staging a tentative recovery in the world’s second-largest economy.