Reliance Industries’ weightage in the index has grown from around 5 per cent in September 2016 to nearly 14.90 per cent in September 2020. Whereas, the leader in 2016 i.e. HDFC Bank, which had a weightage of around 8 per cent in FY16, has more or less maintained its weightage of 8 per cent to 9 per cent.

The stock of Eveready Industries India Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

The trend is up with bulls in the driving seat but do not get complacent and instead, keep a close eye on the level of 11,620, followed by 11,550 as these are important support levels. Stocks in news: Infosys, RBL Bank, Hero MotoCorp, Wipro.

The bulls of D-Street are in a T-20 mode as every day, they are hitting the ball out of the park and not believing in taking singles. This was quite evident when the index gained almost 9 per cent from the lows of 10,790.

This upward momentum in Infibeam Avenues’ shares came after the company entered into an agreement with Jio Platforms.

The recovery was supported by easing mobility restrictions and a steady improvement in the domestic demand environment, according to ICRA.

During Wednesday’s trading session, the stock of Dr Lal PathLabs registered a new 52-week high. The stock jumped more than 16.82 per cent and touched a fresh 52-week high of Rs 2,329.80 on BSE.

Continuing their momentum, on Wednesday, Sensex gained by 304.38 points or 0.77 per cent to close at 39,878.95 levels while Nifty rose by 76.45 points or 0.66 per cent to settle at 11,738.85 levels.

Indian yarn players have high export dependence on China (FY16 to FY19: around 30 per cent), which reduced to around 20 per cent for the three months ended June on account of lower demand and growing competition from Vietnam & Pakistan.

The market opened in green on October 7, 2020.