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Based on the OI percentage, 104 stocks saw long unwinding, including Oracle Financial Services Software, AU Small Finance Bank, L&T Technology Services, REC, and IRCTC. ....
It is noteworthy that these five stocks had witnessed an upswing of up to 58 per cent in the last week alone, despite frontline indices ending the week in the red, , railways, stocks, psus, profit booking ....
"Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persstent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said. ....
CareEdge Ratings anticipates a budgetary allocation of around Rs 3 lakh crore for the railway sector in Union Budget 2024-25, reflecting a 25 percent increase from the previous year ....
During the week, the market capitalisation of five key railway PSUs, namely Rail Vikas Nigam, Indian Railway Finance Corporation (IRFC), Ircon International, RailTel Corporation of India, and IRCTC, witnessed an extraordinary surge, collectively gaining ₹1.22 lakh crore. ....