Nifty staged a strong comeback this week, surging past the 200-day moving average and trapping bearish sellers. The index found support at its 50-week moving average, forming a bullish hammer pattern. While facing resistance at 24,000, positive sentiment prevails with increased FPI long positions and declining open interest. A sustained move above 24,000 could propel Nifty towards 24,500–24,700.
Posts tagged All News
Escorts Kubota rises as arm to begin NBFC operations from Nov 26 (25-11-2024)
Escorts Kubota gained 3.85% to Rs 3,648 after its wholly owned subsidiary, Escorts Kubota Finance is intending to commence its business activities of non-banking financial institution from 26 November 2024.
Share price of Godrej Consumer as Nifty (25-11-2024)
A total of 26,883 shares changed hands on the counter till 12:06PM (IST).
Board of Uniparts India appoints director (25-11-2024)
At meeting held on 25 November 2024
Stock benchmarks extend rally as Mahayuti wins Maharashtra Assembly polls (25-11-2024)
The NSE Nifty 50 Index climbed as much as 1.7 per cent to 24,312.50, set for its best two-day performance since early June
Import cuts: Govt still seeks smooth supply of laptops (25-11-2024)
As the Union government explores ways to restrict import of laptops and other electronic devices starting with a 5 per cent reduction from the current level, it is working to ensure that there’s no supply disruption in India even if an import cap is introduced, it is learnt. The caveat assumes significance in the context of the government’s announcement of its plan in August 2023 to issue licences for import of select IT hardware products to reduce the country’s dependence on China.
NDA secures a massive victory in Maharashtra, JMM-Congress retains power in Jharkhand (25-11-2024)
The National Democratic Alliance (NDA) clinched a resounding victory in Maharashtra, solidifying its dominance in the state assembly elections. Meanwhile, in Jharkhand, the ruling Jharkhand Mukti Morcha (JMM)-Congress coalition retained power with a commanding second-term win.
NIIT Learning Systems soars after India Ratings assigns ‘AA-‘ rating with ‘stable’ outlook (25-11-2024)
NIIT Learning Systems added 4.17% to Rs 445.95 after the company India Ratings and Research assigned ‘IND AA-/ IND A1+’ rating to the bank limits of the company with ‘stable’ outlook.
Share price of Info Edge as Sensex gains 1134.41 points (25-11-2024)
Promoters held 37.68 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 32.27 per cent and 11.25 per cent, respectively.