Rupak De, Senior Technical Analyst at LKP Securities, sees Nifty sustaining its short-term uptrend as long as it holds above 24,800, with potential to climb towards 25,000–25,250. While Bank Nifty remains weak, he highlights UNO Minda and Lupin as bullish picks for the week, alongside a sell call on Axis Bank. Edited excerpts from a … Read more
Indian frontline indices ended the week with 2.3% cuts amid selling pressure in most sectors, primarily in banks, auto and pharma. On Friday too, they ended lower. While the S&P BSE Sensex settled at 77,378.91, down by 241.30 points or 241.30%, the broader Nifty closed at 23,431.50, lower by 95 points or 0.4%. Commenting on … Read more
The Indian market closed in the green for the second day in a row on Thursday tracking positive cues. The S&P BSE Sensex rose nearly 700 points while the Nifty50 rose more than 200 points. Sectorally, buying was seen in capital goods, public sector, and realty stocks. Stocks that were in focus include names like … Read more