Recent trading sessions have experienced significant volatility in the Indian markets, driven by concerns related to the budget and geopolitical developments in the Red Sea region.
As the markets enter the results season, market participants will keenly watch the quarterly performance of the companies. This may also decide the future direction of the market.
Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.
The S&P BSE Sensex and Nifty50 closed flat but with a positive bias. Sectorally, buying was seen in telecom, realty, metal, and IT stocks while selling in banks, utilities, oil & gas, and power
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