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Dharmesh Shah, Head-Technical at ICICI Direct, suggests viewing PSU corrections positively as buying opportunities. He also anticipates that Nifty momentum will sustain and has a positive outlook on Nifty auto index and Maruti. He further recommends accumulation in the IT sector for medium-term gains as he expects a gradual recovery in the IT index. ....
Rather than slashing the price after falling sales, Maruti should have priced it aggressively at launch to attract customers. Maruti seems to forget that the Jimmy is a small car and not a premium one. ....
Current Affairs for UPSC: Jagran Josh presents Daily Current Affairs Quiz for all dedicated students and readers preparing for various competitive exams. In today’s session, get briefings about the important topics given in Q&A formats such as India's first commercial semiconductor fabrication. ....
Sanjiv Bhasin recommends Ashok Leyland, Maruti, Bajaj Auto, and Motherson Sumi as good picks for making money. He advises investors to buy IOC, NALCO, ONGC, and HPCL in the market correction. Bhasin believes private banks will lead the market higher and mentions the possibility of retail liquidation. He says, Reliance and HDFC Bank should be the main pillars of the index and the rest of the midcaps can continue to be consolidating for some time. ....
The 30-share BSE benchmark Sensex rose 195 points or 0.27% to settle at 72,500. The broader NSE Nifty gained 32 points or 0.14% to end at 21,982. IndusInd Bank, M&M, Power Grid, Maruti, and SBI were the top Sensex gainers, while TCS, Bharti Airtel, ITC, Tata Motors, and HUL closed with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.17 lakh crore to Rs 388.14 lakh crore. ....