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NRIs can now hold DRs issued by the company under the employee stock option schemes, bonus issue and rights issue, the regulator said.
The Dow Jones Industrial Average was up 7.11 points, or 0.02%, at 30,296.26, the S&P 500 was down 3.69 points, or 0.09%, at 3,718.85, and the Nasdaq Composite was up 8.48 points, or 0.06%, at 12,773.22.
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For startups aiming to mimic Musk’s success and for traditional carmakers struggling to disrupt themselves, most lingering doubts about future demand for electric vehicles have dissipated.Read more at:https://economictimes.indiatimes.com/markets/stocks/news/the-quest-to-replicate-teslas-success-keeps-ev-mania-alive/articleshow/79800037.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstFor startups aiming to mimic Musk’s success and for traditional carmakers struggling to disrupt themselves, most lingering doubts about future demand for electric vehicles have dissipated.
Among IT largecaps, we like HCL Tech and Infosys and among midcaps, we like Mphasis and Intellect Design, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.
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Naren noted that equity fund managers are seeing redemption pressure, despite which the domestic stock market is rising every single day.
This rally can be a cause for concern, hinting at outlandishly bullish sentiment, said Mazhar Mohammad of Chartviewindia.in. He said a close below 13,650 level can act as a harbinger of near-term weakness on the index.
Nifty has to hold above 13,600 level to witness a bounce towards 13,850 and then 14,000 levels, while on the downside support exists at 13,500 level.
A lot of the laggards and the not-so great companies have started moving up. From that point of view, I would like to be a bit cautious, says Dipan Mehta, Founder & Director, Elixir Equities.
CLSA’s Global technical analyst Laurence Balanco sees the Nifty heading to 18,800 in the long term. Sydney-based Balanco said the Nifty is currently making its way towards the objective of 14,100-14,200 in the immediate term.
This is how the 30-pack Sensex moved in today’s session. It touched a high of 47,026.02 and a low of 46,630.31 to finally settle at 46,960.69
CLOSING BELL: Sensex rises for 6th day, up 70 pts; Nifty50 above 13,750; Bajaj Auto,…
Go to the news source: sensex today: Traders’ Diary: Nifty downside support seen at 13,500 level