News for Astral Limited (ASTRAL.NS)

For Thursday's trading session, experts Brijesh Ail, Head - Technical and Derivatives, Retail Research at IDBI Cap, and Chandan Taparia, Head- Technical & Derivatives Research at MOFSL, have suggested several promising stocks.

The Nifty Auto index closed 0.05 per cent at 24005.00.

Wipro, HDFC Bank, Tech Mahindra, Adani Ports SEZ and ICICI Bank were among the top losers on NSE in today's trade.

ITI Ltd, Avonmore Capital, Dev Information Tech, Deccan Cements and Lloyds Metals, hit their fresh 52-week highs during the day.

Wipro, Hero MotoCorp, Tech Mahindra, HDFC Bank and ICICI Bank were among the top losers on NSE.

The Nifty Auto index was trading 0.32 per cent at 23939.35.

Frontline stocks such as Infosys, Tata Consultancy Services (TCS), ICICI Bank, HDFC Bank, Zomato, Tech Mahindra and HCLTechnologies contributed to the drop today.

Indian benchmark indices closed higher on Friday, driven by auto stocks, after last week's 5% drop. The Nifty 50 rose 0.27% to 23,813, and the BSE Sensex gained 0.29% to 78,699. Analysts suggest Nifty may consolidate between 23,500 and 23,900, with key resistance at 23,860 and support at 23,500, potentially targeting 24,000–24,100 if it breaks higher.

Among sectors, Jain is overweight on automobiles, private banks, cement, consumer and chemicals

Born in 1961 in Ahmedabad, Gujarat, this man pursued a degree in chemical engineering. He began his career as a project engineer at Zydus Lifesciences(formerly ...

The Nifty index has formed a Doji candle near its 200-day exponential moving average (DEMA) support at 23,540, indicating uncertainty. Immediate support is at 23,500-23,540, with a break below 23,500 potentially targeting 23,300-23,200. While the short-term trend is down, a pullback rally remains possible if Nifty holds above 23,500, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

Indian benchmark indices closed flat on Monday, with IT and financials offsetting concerns over weak earnings and foreign outflows. The Nifty oscillated within the 24,000-24,350 range. Analysts suggest a potential bullish reversal with support at 24,000 and resistance at 24,500-24,550. A break below 23,970 could weaken the structure.

Indian benchmark indices recorded their worst session in over a month, pressured by uncertainty surrounding the US presidential election. The Nifty declined 1.27% to 23,995, and the Sensex dropped 1.18% to 78,782. Analysts suggest that the Nifty might extend its correction towards 23,650, while a decisive move above 24,100 could trigger a rally.

Domestic equity indices declined on Wednesday, led by falling financial stocks amid foreign outflows and weak corporate earnings. The BSE Sensex dropped 426 points and the NSE Nifty fell 126 points, with analysts noting a rangebound trading pattern likely to persist.

Indian benchmark indices Sensex and Nifty ended higher for the second straight day, with banking and financial stocks leading the gains. The Nifty formed a bullish harami pattern, indicating a potential uptrend. Support is at 24,200, and resistance is at 24,500-24,750. A decisive move above 24,450 could strengthen the uptrend

The stock exchanges will conduct a special one-hour trading session on Friday, November 1

Derivatives market update for Sept 17: The premium in Nifty Sept futures jumped to 58 pts, and Bank Nifty to 100 pts; whereas, the PCR declined to near 1 levels indicating positive to sideways trend.

Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty had slipped lower in early trades, but bulls were able to defend around the 55 EMA on the hourly chart. He indicated that the trend would remain positive for the short term as long as it remained above 23,300, where a buy-on-dips strategy might favor traders.

Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.