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3:51 PM
Tech View :: ‘Nifty may remain sideways in near-term’
Nifty witnessed selling pressure as it encountered resistance near the previous swing high, resulting in a weak closing. Other indicators such as the 20-day Simple Moving Average (SMA) and the 50-day SMA are positioned below the index value, suggesting that the ongoing positive trend remains intact. The Relative Strength Index (RSI) also indicates a bullish crossover. Over the next few days, the trend in the headline index might remain sideways unless it breaks above the all-time high of 22783. On the downside, immediate support is placed at 22500, below which the index might decline further.Views by: Rupak De, Senior Technical Analyst, LKP Securities
3:50 PM
Tech View :: ‘Bank Nifty witnessed a volatile trading session during expiry day’
The Bank Nifty witnessed a volatile trading session during the expiry day, with bulls dominating the first half and bears taking control in the second half. Although the index fell short of reaching the 50,000 mark, the overall sentiment remains bullish. Dips in the index should be seen as buying opportunities, especially with strong support noted around the 49,000 mark, where the highest open interest lies on the put side.Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Also Read : Sensex, Nifty eye new highs; All you need to know before mkt opens April 30
3:21 PM
These 2 SME stocks more than double investors’ wealth on market debut
Shares of Emmforce Autotech locked in upper circuit of 5 per cent at Rs 195.51 on the BSE on Tuesday at 02:47 pm, nearly doubled against its issue price of Rs 98 per share. The stock of auto components & equipment company listed at Rs 186.20 on the BSE. Around 1.09 million equity shares have changed hands, and there are pending buy orders for 9.6 million shares on the BSE, data shows. READ MORE
3:03 PM
Gillette India shares zoom 10% on strong Q4 performance
Gillette India’s topline growth jumped nearly 10 per cent to Rs 680.7 crore in Q4FY24, as opposed to Rs 619.1 crore in the same quarter a year ago (Q4FY23). READ MORE
2:54 PM
ALERT:: Fino Payments Bank Q4 net rises 14%; stock up 1%
Fino Payments Bank today reported a net profit of Rs 25.21 crore for the quarter ended March 2024 as against Rs 22.08 crore in the corresponding quarter a year ago. Total income rose 24.1 per cent year-on-year to Rs 401.30 crore from Rs 323.43 crore.
2:43 PM
ALERT:: Exide Q4 net jumps 36%; stock up 3%
Exide Industries on Tuesday reported a 36.54 per cent year-on-year rise in standalone net profit at Rs 283.75 crore for the quarter that ended on March 31 in financial year 2023-24 (Q4FY24). The company had reported a net profit of Rs 207.80 crore during the same period last year (Q4FY23). READ MORE
2:32 PM
Mumbai is luxury market leader, over 1300 flats sold above Rs 4 cr in Q1
The city boasts over 40 per cent of the country’s total luxury housing inventory, attracting high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs). READ MORE
2:22 PM
Jubilant FoodWorks rallies 5% on partially acquiring stake in O2 Renewable
Jubilant FoodWorks stock: In January 2024, Jubilant FoodWorks had received approval to invest and enter into a Power Purchase Agreement and Shareholders Agreement with O2 Renewable Energy. READ MORE
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