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Nifty futures on Singapore Exchange traded 38.5 points, or 0.25 per cent, lower at 15,298 signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks that may buzz the most in today s trade:
Sun Pharma, Eicher Motors,
Cadila Healthcare: Sun Pharma, Eicher Motors, Cadila Healthcare,
Page Industries, Dixon Technologies, Alkyl Amines, Phoenix Mills, UCO Bank, Aegis Logistics, Solar Industries, HEG, Metropolis, Fine Organic, India Grid, Wockhardt are among companies that will announce their March quarter results today.
Burger King India: The recently listed QSR chain reported a consolidated net loss of Rs 25.94 crore for the fourth quarter ended March 2021. It had posted a net loss of Rs 37.41 crore during the January-March 2020 quarter.
Nifty ends May F&O series at record closing high; bank and IT stocks lift indices
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Nifty ends May F&O series at record closing high; bank and IT stocks lift indicesBy
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Declining dollar and weak global cues were major dampers for the day, but moderating Covid-19 threat and hopes of a quick recovery kept investor morale high.
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NEW DELHI: Benchmark indices remained under selling pressure throughout the day, but managed to eke out gains at the end of the day on Thursday, thanks to buying in cement, banks and IT sector stocks.
Technical charts for the domestic indices, meanwhile, suggest some resistance ahead. Analysts says it s a buy on dips market. Here s breaking down the pre-market actions:
Ahead of Market: 12 things that will decide stock action on Friday
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Last Updated: May 20, 2021, 10:20 PM IST
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Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying.
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By Sabari Saran
New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart.
Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Nifty will need to hold above the 15,000 level to witness any further bounce. Will the market regain the 15,000 level or see pain in the short term?
By Sabari Saran
NEW DELHI: Asian markets extended losses on Thursday, perpetuating the weak sentiment from the US tech rout. But mild gains in US stock at the opening tick later in the day held out promise for Friday’s session on Dalal Street, which was shut on Thursday for a public holiday.
Nifty slipped 1 per cent on Wednesday, and in the process, formed a Bearish Belt Hold pattern on the daily chart. Analysts said the 50-pack is facing a stiff hurdle on the higher side, especially in the 14,900-15,000 zone.
“Only a close above the 15,000 mark can activate the overall bullish stream. Otherwise, we may again see selling pressure at higher levels. Support can be seen near the 14,775-14,700 zone,” said Rohit Singre, Senior Technical Analyst at LKP Securities.