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SBI, ITC, Titan: Over 50% of Sensex constituents look weak on charts

Technical indicators show that Bharti Airtel, Sun Pharmaceutical Industries, and ONGC are not showing an optimistic view from a short-term perspective

Topics
Buzzing stocks | Sensex new high | Markets

Avdhut Bagkar  |  Mumbai 



markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain
18 of the 30 constituents on the Sensex look weak

The BSE Sensex, a gauge of the performance of India's leading 30 stocks, hit the 50,000 milestone for the first time on Thursday, a remarkable feat considering the country's gross domestic product (GDP) is set to post its biggest-ever contraction this financial year due to the impact of the Covid-19 pandemic. The proximate cause for optimism now is the anticipation of good third-quarter corporate results, and the introduction of market-friendly measures in the forthcoming Budget.

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First Published: Fri, January 22 2021. 12:46 IST

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