The immediate support for Nifty is around 22,300, followed by 22,100-22,000; and any dips should be seen as a buying opportunity as the index could attempt to rally towards new record highs soon, according to technical analysts. Stocks such as M&M, TVS Motors, Coal India, Grasim, ACC, Gail, Concor, National Aluminium, MTAR Tech, APL Apollo, … Read more
Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed negative with losses of 0.13% at 22280 levels on Wednesday. India VIX was up by 0.35% from 20.20 to 20.27 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22300 strikes … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.16% at 21848 levels on Friday. Positive setup was seen in socks like Grasim, IDEA, ACC, Bank Baroda, SBI, OFSS, Apollo Hospital, Ambuja Cements, Bharat Forge, Sun Pharma, Hero MotoCorp etc. among others. On … Read more
Technical charts and FIIs’ net short position of 65% indicate that markets could undergo either a timewise corrective phase or a price-wise correction. Technical analysts suggest 21,680 would serve as a support for Nifty on a closing basis, and a close below this level could lead to a correction towards 21,450-21,400. ACC, Apollo Hospitals, Bharat … Read more
The Centre on Wednesday announced re-bidding under a PLI scheme for Advanced Chemistry Cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with a budgetary outlay of Rs 3,620 crore. Documents for the global tender are available online from Wednesday. The bid due date is April 22, 2024 … Read more
Shares of cement stocks on Wednesday rallied up to 5% after Japanese broking firm Nomura upgraded four of them and raised their target prices. Stating that the cement momentum will continue in India, Nomura has upgraded Ultratech to buy from neutral with a target price of Rs 11,500. Dalmia Bharat’s target has been raised to … Read more
