Sensex and Nifty end volatile session on a mixed note. Buying interest seen in auto, metal and IT stocks. Selling pressure witnessed in banking and financial services counters. Asian Paints top Nifty50 gainer, rising 4%. Titan, JSW Steel, Eicher Motors, Britannia and Bajaj Finserve among other top performers. HDFC Bank top laggard, down 2%. HDFC Life, Axis Bank, RIL, Coal India and IndusInd Bank were among other losers.
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In a detailed note, Motilal Oswal Securities said rising commodity prices would benefit 11 index companies, whose combined profit share in Nifty FY22 earnings would rise to approximately 36 per cent against 31 per cent in FY21.
Revenue from operations of the company stood at Rs 210.25 crore for the quarter under consideration. It was Rs 194.90 crore for the same period a year ago.
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Nifty again closed a day with minimal gains at 15,208 and formed a bearish candle on the daily chart. The index has very good base around 15,100-15,000 mark. Any dip near said levels will again be buying opportunity, keeping overall stop out level below 15,000 mark. Until & unless we don’t see any close below 15,000, structure will be positive and we may head towards 15,330-15,430 zone, which will be immediate levels to book profits on the higher side.
– Rohit Singre, Senior Technical Analyst at LKP Securities
Tune in as we discuss if FMCG stocks will see more pain, what Nifty charts are suggesting, and more!
The Dow Jones Industrial Average rose 65.7 points, or 0.19%, at the open to 34,459.32. The S&P 500 rose 11.9 points, or 0.26%, at the open to 4,208.07, while the Nasdaq Composite rose 66.4 points, or 0.49, to 13,728.04 at the opening bell.
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Regret comes with a companion: Hindsight Bias. When we evaluate our decisions, we choose to compare the option we chose with the alternative that turned out to be the best choice in hindsight.
The largest digital currency slipped as much as 6.5% to $36,494 in New York, following a 16% jump on Monday. The wider Bloomberg Galaxy Crypto Index and tokens including Ether also dropped.
From quick-service restaurants to jewellery makers, from biscuit makers to premium motorcycle producers, investors showered some love on the stocks of these companies.
Analysts said that the 15,300 level may continue to remain key resistance for the index, breaching which the NSE barometer can hit fresh record highs.
Go to the news source: Post-Market Analysis: Nifty forms Bearish Belt Hold candle on daily chart; analy…