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Indian market may consolidate. Nifty50 broke support at 22050 zone. India VIX reached swing high. Rajesh Palviya recommends buying Havells India, KIMS, ICICI Lombard. Nooresh Merani suggests buying Dr Reddy's, selling Bajaj Finance, buying V-Guard. Kunal Bothra advises buying HDFC Life, TCS, Samvardhana Motherson.
Indiabulls Housing breached a ‘consolidation’ zone of Rs 202-160 on the weekly chart, suggesting a continuation of the medium-term uptrend.
TVS Motor Company’s Ebitda margins have improved from 10.1% in Q3FY23 to 11.2% in Q3FY24, driven by sustained material cost reduction, commodity price softening, opportunistic price hikes
On the domestic front, if the markets start to believe that there is an increased possibility of a lack of policy continuity, then the markets could correct, says Nishit Master while pointing out towards the risk factor.
Tata Steel shares are trading near their record high of Rs 147.35 touched on February 7, 2024. The metal stock closed 0.24% lower at Rs 145.50 on Friday.