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Bajaj Consumer Care consolidated net profit rises 17 56% in the December 2020 quarter
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Bajaj Consumer Cares profit up 17 54 percent in Q3 - बजाज कंज्यूमर केयर का मुनाफा तीसरी तिमाही में 17 54 प्रतिशत बढ़ा
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Trade setup for Wednesday: Top 15 things to know before Opening Bell
The formation of long bull candles and a possibility of faster retracement of downswing is expected to pull the Nifty beyond 14,750-14,800 levels in the next 1-2 sessions, Nagaraj Shetti of HDFC Securities feels. Sunil Shankar Matkar February 02, 2021 / 10:20 PM IST
The market extended Budget-led gains for the second consecutive session on February 2 with the Nifty50 moving closer to record high levels, backed by buying in all sectors but FMCG.
The S&P BSE Sensex rallied 1,197.11 points or 2.46 percent to 49,797.72, while the Nifty50 climbed 366.70 points or 2.57 percent to 14,647.90 levels and formed a bullish candle on the daily charts.
Bajaj Hindusthan Sugar receives revision in ratings for bank facilities
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Ahead of Market: 12 things that will decide stock action on Monday
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Analysts said the 14,200 level, which was acting as a key hurdle until now, will be the immediate support for Nifty.
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India VIX rose marginally by 0.10% from 20.62 to 20.64 level.
NEW DELHI: After touching a new all-time high in intraday session on Friday, Nifty formed a bullish candle on the daily and the weekly charts. The 50-pack index formed higher highs for the 12th trading session in a row.
On the technical front, analysts see hurdles for the index as it heads towards the 14,500 level. “The market remains overbought in the short term, and we maintain a cautiously bullish outlook unless Nifty breaks below 13,950 level,” said Nirali Shah, senior research analyst at Samco Securities.