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A series of resistance could be seen from 22,150-22,200, followed by the 20 DEMA at 22,300 zone. The undertone certainly favours the bears now and any rise should be seen as an opportunity to either exit longs or to look for bearish bets in the index.
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News and Media
Naveen Mishra from Gartner anticipates CIOs executing Gen AI strategy, leading to increased IT services spend. Service providers invest in servers, networks, and semiconductors. India headquartered services companies focus on talent strategy and GPUs for growth.
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News and Media
Dolly Khanna diversified her portfolio by adding Repco Home Finance, Som Distilleries & Breweries, and Selan Exploration Technology. These smallcap stocks have shown impressive returns and rallies.
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News and Media
Sabyasachi Majumdar of CARE Ratings anticipates that there will be ample electricity available from various sources. The distribution companies' cooperation is crucial. Despite high costs, gas-based generation remains open for the peak season. Short-term tariffs are expected to stay elevated for now, driven by the robust PLFs and an election-year dynamics.
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News and Media
Nestle India's shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle's worst single-day drop in 3 years.
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News and Media
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