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The market is expected to consolidate in the coming sessions, though the overall trend remains in favour of bulls.
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The market is expected to consolidate in the coming sessions, though the overall trend remains in favour of bulls.
Stocks that were in focus include names like Tata Technologies, which closed flat, Apollo Tyres, which jumped 3.14%, and Vodafone Idea, whose shares fell 0.76% on Thursday.
An analyst from StoxBox said that the recent weakness in Adani Ports has observed support around its 100-day moving average (DMA) set at Rs 1,250 level on the daily charts.
Overall markets expected to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling, and the outcome could keep volatility higher.
Adani Ports was under observation since March 2022, and the decision for exclusion is based on a recommendation from the Council on Ethics of November 21, 2023.