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A long bear candle was formed on the daily chart with a minor lower shadow. Technically, the pattern indicates that the market is now placed at the edge of a downside breakout of the support around 19250-19200 levels.
Topping the list is Kintech Renewables stock, which has jumped 7 times in FY24 and given more than 40% return so far in the month. The smallcap stock with a market capitalisation of just Rs 1,500 crore hardly has any analyst coverage.
BSE Sensex added 11.43 points, or 0.02 per cent, to settle at 65,087.25, while NSE's Nifty rose 4.80 points, or 0.02 per cent, to close at 19,347.45 for the day.
Top gainers on the Nifty included Tata Steel, Maruti Suzuki, M&M, Eicher Motors and Infosys, while the top losers were Power Grid Corporation, SBI, BPCL, Dr Reddy's Laboratories and Hero MotoCorp
The total value of contract is Rs 3,637.12 crore. “The company being 50 percent partner in the JV, our share in the project is Rs 1,818.56 crore,” Patel Engineering said in a filing to the exchanges