Rectifiers India News Today

The share touched 52-week high of Rs 766.20 and 52-week low of Rs 75.44 on 24 April, 2024 and 24 May, 2023, respectively.

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.

Among broader indices, BSE Midcap, Smallcap and Largecap indices fell 1.6 percent, 0.5 percent and 0.9 percent, respectively.

Shares of Transformers and Rectifiers (India) Ltd gained over 3% today after the electrical equipment maker said it received orders worth Rs 219 crore from Power Grid Corporation of India. It also won a Rs 237 crore order from Power Grid on December 19. The company said on Tuesday it received orders for total contract value of Rs 118 crore from Uttar Pradesh Power Transmission Corporation. It has won orders worth Rs 574 crore in two days.

The stronger bullish momentum on the Nifty50 can be only witnessed above 19,750-19,850-zone.

If the said level get decisively broken on the higher side, then 19,500-19,600 cant be ruled out, whereas on the lower side, 19,000-18,900 is likely to be a key support zone, experts said

The market is due for a short term upward pull back in the near term. It has formed a long legged doji formation, which may see trending activity on either side, says Amol Athawale, Vice President - Technical Research, Kotak Securities.

The BSE Sensex ended the week up 1.86 percent or 1,239.72 points at 67,838.63, and Nifty50 gained 1.87 percent or 372.35 points to finish at 20,192.30

As Markets Witness Roller Coaster Ride Nifty Sensex Stay Strong

Foreign institutional investors (FIIs) sold equities worth Rs 9,321.41 crore, while domestic institutional investors (DIIs) bought equities worth Rs 4,572.14 crore in this week