The repo rate hike pause by RBI and encouraging domestic economic data continue to provide a positive undertone to the market. However, given the backdrop of global uncertainties and fear of US recession, range-bound movement can be seen in the near term
Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to trade range-bound amid global uncertainties and fear of US recession. Tata Motors, M&M Financial, Tata Steel, Vedanta are among stocks to watch on Monday
RBI has imposed Rs 6.77-crore penalty on Mahindra & Mahindra Financial Services Ltd for non-compliance with norms related to the disclosure of interest rates to borrowers at the time of sanction of loans
Billionaire Anil Agarwal’s plan to build a $19-billion chipmaking plant in India is floundering as his venture struggles to secure a technology partner and faces challenges in obtaining financial incentives from the government, reported Bloomberg
Jaguar Land Rover expects free cash flow of over 800 million pounds (about $1 billion) for the fourth quarter, boosted by a 24% rise in wholesale volumes as chip and other supply constraints eased, the luxury carmaker owned by Tata Motors said on Thursday
Tata Steel India reported a record operational performance in the last financial year despite a challenging environment, according to the company's CEO & MD T V Narendran. The company produced 19.87 Million Tonnes of steel in the last fiscal as against 19.06 MT in FY22
Sonata Software announced on Friday that LTI Mindtree’s Global Delivery Head Suresh HP has been appointed as Chief Delivery Officer of the company
“Going forward, the market will remain buy-on-dips as long as Nifty remains above 17,500. On the higher end, immediate resistance is visible at 17,700,” said Rupak De, Senior Technical Analyst at LKP Securities
Bank Nifty is now trading around the next resistance zone of 41,000 and if we sustain above this level this week, the rally may continue toward the 42,000 mark. The lower-end support is visible at the 40,600-40,500 zone, said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
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