Trade Setup for April 12: Will the US inflation data spoil the Nifty party towards 23,000?
The Nifty is just 250 points away from the 23,000 mark, while the Nifty Bank is also 2% away from the 50,000 mark.
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The Nifty is just 250 points away from the 23,000 mark, while the Nifty Bank is also 2% away from the 50,000 mark.
The domestic market paused on the final trading day of the week, having earlier reached yet another record high, buoyed by positive cues from global markets. Noteworthy strength was observed in the capital goods and industrial sectors, bolstered by advancements in both manufacturing and services.
On Wednesday, 1391 stocks advanced, 2451 declined and 100 remained unchanged, with an advance decline ratio of 0.56 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
On Tuesday, 1949 stocks advanced, 1887 declined and 95 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.03, indicating positive closing of stocks in broader markets.
Mumbai-based B2B fintech startup Zaggle has filed its DRHP with SEBI for IPO with a fresh issue of INR 490 Cr and an OFS of 10.5 Mn shares.