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[hfe_template id='11223'] [ad_1] PSU stocks Cochin Shipyard and Bharat Dynamics witnessed a sharp fall by 10% to Rs 1,630.55 and Rs 1,293.35 respectively as the BSE PSU index fell by 4% soon after markets opened on Wednesday following the disappointing Lok Sabha election results. The index ended nearly 16% lower on Tuesday as the Narendra Modi-led BJP failed to secure a simple majority on its own and would have to piggyback on allies to form the government. As of 9:45 am today, all the constituent stocks of the index were trading in red. Other stocks like NBCC, HUDCO, Indian Bank and REC witnessed a decline of more than 5% while railway stocks like IRCTC, IRCON International and RVNL dipped by 4.7%, 6.2% and 7% respectively. Shares of NTPC, CONCOR, Hindustan Copper, GIC, Central Bank of India, NMDC, Powergrid, PFC, BEL, PNB, Uco Bank, Union Bank of India, HAL, BHEL and SJVN among others witnessed a greater-than-3% fall on charts. The Index tumbled nearly 14% on Tuesday a...

[hfe_template id='11223'] [ad_1] Benchmark indices closed higher on Wednesday amid buying in blue chips even on the back of mixed cues from global markets. The 30-share Sensex climbed 267 points to settle at 74,221.06 and Nifty rose by 68 points to finish at 22,597. Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Indian Bank The stock is trading around its crucial resistance mark of 580.00 on its daily charts. With volumes being almost 1.75 times its average (30-day) volume and the RSI (14) around 62, there is good momentum in the stock. A breakout above 580.00 could trigger a strong rally towards the 600-620 levels. However, if the stock fails to cross that mark, we might see some profit booking, pulling t...