Amidst a volatile session on F&O expiry, the Indian equity markets managed to end with marginal gains on Thursday, April 29, 2021. Get more Markets News and Business News on Zee Business.
Read more about Stocks to watch: RIL, IndusInd Bank, Titan, Ujjivan Fin Services, Wipro on Business Standard. A special resolution to appoint Samit Ghosh as CEO of Ujjivan Financial Services was defeated as it didn t get the requisite share of votes
Ahead of Market: 12 things that will decide stock action on Friday
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Synopsis We might see further consolidation after the recent up move. However, the bias would remain on the positive side, said Ajit Mishra, VP - Research at Religare Broking.
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Analysts said Nifty can see a brief consolidation in the 14,700-15,000 range in the coming days before it moves higher.
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NEW DELHI: Nifty made another gap up opening and took out the crucial 15,000-mark before succumbing to a volatile trade due to the weekly and monthly F&O expiry. The headline index still managed to end above its previous closing mark, but formed its first bearish candle on the daily chart in the past six sessions.
Page Industries announces temporary suspension of operations in Karnataka
April 29, 2021
While Gokaldas Exports to operate with 50% workforce during lockdown period
Page Industries Limited, an exclusive licensee of Jockey International Inc (USA), has announced temporary suspension of its manufacturing operations in Karnataka.
The company in a regulatory filing to exchanges, said: “Considering the seriousness of the current Covid situation in India, especially in Karnataka, the company is temporarily suspending the manufacturing and operations except warehouse, elastics and raw material stores in Karnataka, with effect from April 30, 2021.”
Warehouses, elastics, raw material stores and other required departments including support functions are to operate with a minimum required number of employees by strictly following the Covid guidelines. The company said it has advised its employees not to travel and stay at home safely.
Synopsis
Tata Elxsi, Amrutanjan Healthcare, JSW Steel, Greenlam Industries, Suven Life Sciences, Vinati Organics and Jindal Steel & Power witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.
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Nifty formed a Doji on both daily and weekly scales.
NEW DELHI: After trading on a volatile note in Friday s session, headline index Nifty formed indecisive candles similar to Doji formations for both Friday s session and for the week gone-by.
Rohit Singre of LKP Securities said Nifty50 has created a good base near the 14,250-14,200 range. “As long as these levels hold up, the structure will remain positive. A stiff hurdle lies in the 14,450-14,500 zone. The index may find fresh strength only above the 14,500 level,” he added.