Dhani Services News Today

Indian markets faced pressure from Middle East concerns, impacting smallcap stocks returns. Top gainers included Moschip Technologies, Solara Active Pharma, and Dhani Services.

Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.

In Shriram Finance, promoter Shriram Value Services bought 1.59 percent stake taking their total holding in the company to 5.05 percent

Nifty needs to cross over 22,100 to witness a clear rally towards the all-time high of 22,525, says Rupak De, Senior Technical Analyst, LKP Securities.

Synthimed Labs is a recently incorporated company, set up to facilitate the proposed combination, and it is not engaged in any business activities as on date.

Fag-end buying helped the BSE Sensex climb 100 points to settle at 65,880.52. During the day, it had declined 292 points to 65,488.03

The 30-share BSE Sensex pack tanked 366 points or 0.56 per cent to close at 65,323; while the broader NSE Nifty index moved 115 points or 0.59 per cent lower to settle at 19,428. Mid and smallcap shares finished on a weak note, with the Nifty Midcap 100 down 0.45 per cent and Nifty Smallcap 100 falling 0.18 per cent.

MSCI has announced the biggest weight increase in Kotak Mahindra Bank, which could lead to inflow of $810 million

Index service provider MSCI has announced multiple changes in its MSCI India Domestic Smallcap Index applicable from May 31, 2023.

Both indices have risen for 11 out of 12 sessions this month on anticipated demand growth, attractive valuations, and expected improvements in earnings.