According to the technical analyst, Mastek is placed above its 20, 50 and 100 days EMA, while CCL Products' indicators and oscillators have turned bullish on daily and weekly charts
CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.
According to the technical analyst, Mastek resumed its uptrend after running correction from recent swing high, whereas shares of Metro Brands broke out from multi-week consolidation
FPIs poured in over Rs 10,000 crore for a second month in a row as risk sentiment improved after regulators prevented a banking crisis in the developed world
The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week
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Gains in index majors HDFC twins and Reliance Industries helped offset losses in IT, Power and FMCG stocks amid weak global trends
Number of board meetings have also gone up post pandemic according to Excellence Enablers' Survey on Corporate Governance
Extending gains to the third day, the broader NSE Nifty advanced 38.30 points or 0.22 per cent to close at 17,398.05 points
The technical analyst recommends to employ 'buy-on-dips' trading strategy for Nifty, given positive outlook for the index in the short term
The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang
Banking stocks outperformed in the just-concluded financial year (2022-23), with the sectoral gauge gaining 12 per cent, against a 0.6 per cent decline in the benchmark National Stock Exchange Nifty
Three-month losing run ends; RIL, ICICI Bank lead charge
Sustained rate hikes by global central banks, Russia-Ukraine war, stubborn inflation and developed world banking crisis kept a leash on stock price performance
If the Nifty finishes in the red for the month, this will be the first time in over two decades that the index has fallen for four straight months
According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty
Held sway over 57% of active clients in 11 months of FY23
In a volatile trade, the 30-share BSE Sensex declined 398.18 points or 0.69 per cent to finish at 57,527.10, with 24 of its constituents posting losses
Morgan Stanley had filed a settlement application with the markets regulator in February 2022