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Ahead of Market: 12 things that will decide stock action on Friday

Ahead of Market: 12 things that will decide stock action on Friday
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Last Updated: May 20, 2021, 10:20 PM IST
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Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying.
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By Sabari Saran
New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart.
Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Nifty will need to hold above the 15,000 level to witness any further bounce. Will the market regain the 15,000 level or see pain in the short term? ....

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market outlook: Ahead of Market: 12 things that will decide stock action on Friday

By Sabari Saran
NEW DELHI: Asian markets extended losses on Thursday, perpetuating the weak sentiment from the US tech rout. But mild gains in US stock at the opening tick later in the day held out promise for Friday’s session on Dalal Street, which was shut on Thursday for a public holiday.
Nifty slipped 1 per cent on Wednesday, and in the process, formed a Bearish Belt Hold pattern on the daily chart. Analysts said the 50-pack is facing a stiff hurdle on the higher side, especially in the 14,900-15,000 zone.
“Only a close above the 15,000 mark can activate the overall bullish stream. Otherwise, we may again see selling pressure at higher levels. Support can be seen near the 14,775-14,700 zone,” said Rohit Singre, Senior Technical Analyst at LKP Securities. ....

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Despite Payment Delays In Iran, India's Basmati Exports Up 33%

Despite payment delays in Iran, India’s basmati exports up 33%
In Iran, the biggest buyer of Indian basmati, payments were held up as the country’s central bank delayed allocation of the currency to traders to buy rice and other commodities.
December 15, 2020 / 05:58 PM IST
India’s basmati rice exports continue to grow, especially to Iran, despite shippers facing payment problems from the largest buyer of the fragrant grain.
“Basmati exports are doing very well. They are 30 percent higher this year compared with last year,” former president of Delhi-based All India Rice Exporters Association (AIREA) Vijay Setia said.
According to the Agricultural and Processed Food Products Export Development Authority (APEDA), an arm of the commerce ministry, basmati exports in the first half of the current fiscal were up 33 percent at 27.44 lakh tonnes compared with 20.57 lakh tonnes during the year-ago period. ....

Tamil Nadu , Chaman Lal Setia , Vijay Setia , Muhammad Ziauddin , Joe Biden , Food Products Export Development Authority , India Rice Exporters Association , Delhi Based All India Rice Exporters Association , Chaman Lal Setia Exports , Subramani Ra Mancombu , தமிழ் நாடு , சாமன் லால் செடிய , விஜய் செடிய , முஹம்மது ஜியொடுடின் , ஓஹோ பிடென் , உணவு ப்ராடக்ட்ஸ் ஏற்றுமதி வளர்ச்சி அதிகாரம் , இந்தியா அரிசி ஏற்றுமதியாளர்கள் சங்கம் , டெல்ஹி அடிப்படையிலானது அனைத்தும் இந்தியா அரிசி ஏற்றுமதியாளர்கள் சங்கம் , சாமன் லால் செடிய ஏற்றுமதிகள் ,