The identified projects have a potential for nearly Rs 6 lakh crore of investments and the capacity to create around 1.5 million new jobs. The identified areas include utility scale renewable energy power generation, rooftop solar PV deployment, decentralised RE power generation, original RE equipment manufacturing, and electric vehicle charging infrastructure.
Market Movers: Indiabulls Housing soars, Shree Cement slumps; 52 stocks give buy signal
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As many as 51 stocks listed on the National Stock Exchange gave buy signals based on MACD indicators. Names included ICICI Bank, TV18 Broadcast, Hindustan Zinc, Jain Irrigation and Jubilant Foodworks.
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For the day, the Nifty50 index ended 0.8 per cent, or 109.8 points, higher at 14,406.2, while Sensex closed at 48,080.7, up 0.8 per cent or 374.9 points.
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MUMBAI: Benchmark equity indices staged a sharp comeback in the last few hours of trading, aided by short covering in shares of banks and positive cues from most global markets.
Tata Steel, Asian Paints among 21 stocks sending out weak signals on MACD charts
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Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints, Dr Lal Pathlabs, Hindustan Unilever, Britannia Industries, Nestle India and Shree Cement.
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Take Solutions, Inox Wind, Advanced Enzyme, Whirlpool of India, Heritage Foods, Insecticides, TVS Srichakra and Lovable Lingerie are some other stocks, which look strong on the MACD indicator. These stocks went up to 18 per cent higher so far.
NEW DELHI: Even as a host of largecaps including Hindustan Unilever, Asian Paints, Tata Steel and Nestle India are showing signs of weakness, over two dozen small and midcap stocks are looking strong on momentum oscillator MACD or moving average convergence divergence.