News for ELGI Equipments Limited (ELGIEQUIP.BO)

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The NSE Nifty index was trading 233.96 points up at 22742.7

Indian markets closed higher on Monday, led by financial and healthcare stocks. Analysts anticipate range-bound movement amid tariff uncertainties, with investor focus on upcoming FED and BOJ meetings for economic cues.

The NSE Nifty index closed 111.55 points up at 22508.75

In the Nifty50 index, 32 stocks closed in the green, while 18 stocks ended in the red.

Indian markets closed lower on Thursday amid weak global cues and trade war concerns. Analysts see resilience despite US recession fears. US and European markets rebounded after volatility. Nifty remains in a consolidation phase, with key resistance at 22,550. MRPL, ITI Ltd, and Data Patterns saw strong buying, while KEC International and Zee faced selling pressure.

Stocks including LIC, Bharat Electronics, Vedanta, Glenmark Pharma, Cipla, FirstCry, NHPC, VA Tech Wabag and more will be in the spotlight on Monday, February 10.

Indian indices rebounded on Wednesday, led by IT and financials. Market sentiment improved after a sharp decline in the previous session. Concerns over US-China trade and rupee depreciation persist.

Indian markets rebounded on Wednesday, driven by foreign fund inflows and buying in energy, commodities, and PSE sectors. The Nifty is consolidating between 24,100 and 24,420. A decisive move above 24,420 could trigger a further rally. The upcoming November derivatives expiry could influence market direction.

Indian markets rallied Monday on BJP's Maharashtra election win, with Sensex gaining 992.74 points to 80,109.85 and Nifty rising 314.65 points to 24,221.90. Analysts noted improved sentiment as Nifty crossed 21 EMA, with bullish RSI signals.

Stocks including Tata Motors, JSW Steel, Life Insurance Corporation, Asian Paints, ITI, Divis Laboratories, Ola Electrics, GR Infra and more will be the spotlight on Monday, November 11.

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.

Stocks including Hindustan Unilever, Vedanta, Dr Reddy's, L&T, Axis Bank, Torrent Pharma, Titagarh Railsystems, Bajaj Finance, USL and more will announce their quarterly results on Wednesday, July 24.

Major business updates: Bajel Projects wins ₹586.28 crore contract, Titagarh Rail exports to Italy, Dr Reddy's share capital alteration.

While Elgi Equipments shares climbed 3.27% to Rs 703 in early deals, stock of Shakti Pumps climbed 5% to Rs 4299.85 on BSE.

Axis Securities said that Railtel has demonstrated a breakout above the Rs 465-340 consolidation zone on the weekly chart, indicating the continuation of the medium-term uptrend.

LIC, NMDC, Nalco, Sumitomo Chemicals, Elgi Equipments, NMDC Steel, Natco Pharma, GMDC, TVS Supply Chain Solutions, MSTC and more will announce their quarterly results today.

Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday's low of 21,932, a pullback looks possible to chartists.

Aug 16, 2023 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to Elgi Equipments Q1 FY24 results conference call hosted by Asian Markets Securi