Indian shares logged their second straight week of gains, with the benchmark Nifty 50 index hitting record highs in all five sessions, buoyed by a rise in heavyweight financials. As the index closed above the crucial resistance level of 22,200, with the next resistance seen at 22,400. Short-term support is positioned at 21,900. As long as Nifty maintains levels above 21,900, the index may continue to be considered a buy on dips
V-guard: Revenue from the electricals segment, which accounts for 40% of the revenue, rose 8% to 4.73 billion rupees, aiding the Kochi, Kerala-based company. The category includes products like electric water heaters and fans. Key festivals, such as Diwali and Christmas, prompted retailers to roll out enticing offers.
V-Guard: Copper prices were also stable, analysts said, and demand from the housing and infrastructure sectors remained healthy, with exports rebounding.