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market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday

Explore Now New Delhi: The domestic equity market failed to extend its two-day gains and consolidated in a narrow range on Tuesday. Market witnessed profit taking in the banking space, though FMCG, consumer durables and IT stocks capped the fall. Nifty kept paring any gains made throughout the day, eventually forming a Bearish Belt Hold candle on the daily chart, reflecting selling pressure. Analysts said, only a breach above the 15,300 level can open doors for any further move. As we near the...
New Delhi Uttar Pradesh Albert David Jagsonpal Pharma Rohit Singre Dhanuka Agritech

Ahead of Market: 12 things that will decide stock action on Wednesday

Ahead of Market: 12 things that will decide stock action on Wednesday SECTIONS Share Synopsis "We might see some consolidation in the index and it would be healthy. We thus advise using intermediate corrective moves to accumulate quality stocks on dips and avoid contrarian trades," said Ajit Mishra, VP - Research, Religare Broking. Getty Images Analysts said the 15,060-15,050 range is crucial and any breach of this zone may extend profit booking going ahead. Related NSE Explore Now NEW DELHI: ...
India General Usha Martin Ajit Mishra Rohit Singre Aurobindo Pharma Jay Shree Tea Industries

Market Movers: Financials lead, midcaps underperform; 69 stocks turn overbought

Market Movers: Financials lead, midcaps underperform; 69 stocks turn overbought SECTIONS Share Synopsis The market breadth was neutral, and trade was lackluster compared to Monday, when gainers were more than double the number of losers on the BSE. Shutterstock.com Undergarments manufacturer Rupa & Company surged 20 per cent to Rs 311.70 after Abakkus Emerging Opportunities Fund-1 bought 1.50 per cent stake in the company through a bulk deal on Monday. INSIGHTS NSE Explore Now MUMBAI: Financia...
India General Srinivasan Parmeshwaran Aditya Agarwala Grupa Company Jet Airways Elecon Information Technology

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