Nifty on Thursday ended 43 points higher to form a small positive candle with a minor upper shadow, indicating range-bound action in the market near crucial resistance around 22,800 levels.
Nifty ended about 39 points lower on Tuesday to form a Shooting Star pattern on the daily chart to indicate strong possibility of further weakness from current levels.
According to a CRISIL report, India Inc likely logged a 4-6 percent revenue growth in January-March, the slowest quarterly growth since recovery from the Covid-19 pandemic began in September 2021.