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When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
Nifty started weak but soon hit a high and kept moving up to close with a gain.
It's a sweet treat that been around for longer than you might think - and its name reflects its history.
Q4 auto sector is poised for revenue growth of 15% with EBITDA expected to rise by 28%. Brokerages foresee flat margins for some OEMs. Positive 2W demand trends noted. Top picks include TVS and Tata Motors.
Nifty too touched a record high of 22,775 during the session. Later, Sensex ended 354 points higher at 75,038 and Nifty rose 111 pts to 22,753