Read more about Dynemic Products standalone net profit declines 27.41% in the March 2021 quarter on Business Standard. Sales rise 29.43% to Rs 56.56 crore
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New Delhi: The domestic equity market on Monday managed to extend gains to a second straight day amid a volatile session. Strong buying interest seen in financial, power and realty counters helped the market end the day in the green.
Though the Nifty breached the 15,200 level at the open, it fell shy of the said level on a closing basis and ended at 15,198. The index formed an indecisive Doji candle on the daily chart indicating investor indecisiveness at a higher level. Analysts said Nifty will need to hold above the 15,150 level to witness any further bounce. Can the Nifty inch towards the 15,300 level and hit new highs?
Read more about Dynemic Products consolidated net profit rises 66.60% in the December 2020 quarter on Business Standard. Sales rise 26.07% to Rs 54.45 crore
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Ruchit Jain, Senior Analyst - Technical and Derivatives at Angel Broking said, One should prefer to trade with the trend now until any negative signs are seen and look for opportunities that could continue to outperform. The near-term trading range could be wide given the recent volatility, wherein the supports are now placed around 14,140 and 14,000, whereas resistance could be seen around 14,500.”
Higher government spending in infrastructure and increased FDI limit in insurance improved the overall outlook of these sectors,” said Vinod Nair, Head of Research at Geojit Financial Services.
NEW DELHI: Nifty made a strong rebound on Monday in line with strong global cues and a no-harm budget. The 50-pack index formed a long bullish candle and recovered half the losses it sustained in the past six sessions.