Indian blue-chip equity indices ended flat on Friday, with NSE Nifty 50 and S&P BSE Sensex gaining 2.2% and 2.02% for the week, led by financials and metal stocks.
Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.
Domestic IT firms advanced on Wednesday with an eye on rate cut clues from the upcoming Federal Reserve minutes. Consumer stocks and RIL supported gains. NSE rose for five days in a row and settled above 22,500 points. Nifty formed a bullish candle with a long tail, indicating strong buying interest. Tata Steel, Coal India, HDFC Bank, SBI, ONGC were among most active stocks in volume terms
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Moneycontrol reported on March 1 that Vodafone, which is looking to raise Rs 45,000 crore in equity and debt, has secured equity commitments exceeding Rs 8,200 crore from anchor investors. Bulk of the funds will be used for growth capex.