The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
On March 14, smallcaps clocked a smart recovery with the BSE Smallcap index gaining over 3 percent, after losing 12 percent since February 19, when the index peaked out.
The present sentiment suggests a promising trajectory towards 21800-21850 for the Nifty. If it surpasses 21850, we might anticipate a further climb toward 22000, says Rupak De, Senior Technical Analyst at LKP Securities.
Indian rupee reported marginal gains against the US dollar, as the domestic unit closed at 83.16 in the week ended January 5 against December 29 closing of 83.20.
Bharat Dynamics signs Rs 290.90 cr contract with IAF; Zydus Lifesciences gets EIR report from USFDA; Lemon Tree Hotels launches 8th property in Uttarakhand; Dr. Madhu Sasidhar appointed as Chief Strategy Officer of Apollo Hospitals; Tata Motors to increase prices of commercial vehicles by 3%; RBI approves re-appointment of Sashidhar Jagdishan as MD & CEO of HDFC Bank; Jio launches AirFiber services; Kajaria Ceramics enters into JV with UK Parts; LJIN Electronics forms JV with Nexxbase; Mindtree launches Testing as a Service for Oracle SaaS; Biocon appoints Peter Bains as Group CEO; TARC to issue Rs 191 cr NCDs; Welspun to liquidate part of assets; Varroc Engineering to sell plant & machineries; Valiant Organics files RHP for IPO; Sasken to invest in AI/5G/Power IP licensing; Captain Pipes to set up greenfield plant; Prakash Industries gets EC for Bhaskarpara Coal Mine; WPIL gets Rs 14.3 cr order from MoD; Indo Amines acquires land; NBCC gets Rs 150 cr order; JK Lakshmi Cement to source solar power; B & A to acquire Moheema Tea Estate; DCM Shriram enters into strategic collaboration; Sundaram Multi Pap to sell non-core asset; Mawana Sugars gets SEBI show cause notice. #Business #Contracts #Investments #Launches #Appointments #Orders #IPO #JVs #Clearances #Stoppages #AssetSale #SolarPower #ShowCauseNotice
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India’s April macro factors have seen improvement with record GST collection, improved PMI numbers, trade deficit narrowing to near two-year lows, and sharp softening in headline and core inflation
BSE Sensex fell 128.90 points, or 0.21 per cent, to settle at Rs 61,431.74. NSE's Nifty50 index declined 51.80 points, or 0.28 per cent, to close at 18,129.95 for the day
BSE Sensex surged 448.96 points, or 0.76 per cent, to 59,411.08, whereas NSE's Nifty50 jumped about 147 points, or 0.87 per cent, to 17,450.90. for the day.