Markets for the week ended with marginal gains after going through volatile sessions towards 15800.
However, with the spread of the Nifty 50 and Nifty 500 index on a verge of breaking out from flag consolidation, we expect Nifty to see a vertical move towards 17200 in the coming days.
Global are positive with Asian indices opening in the green led by the Japanese ‘Nikkei’.
South Korean & Taiwan markets are also reacting positively as demand for semiconductor & manufacturing components is likely to spur these economies’ growth. Chinese stocks are also back in favor of expectations that reopening will boost demand
Key Results today– Sun Pharma, IRCTC, Jubilant Food, LIC
Bank Nifty & Ratio of Bank Nifty to Nifty 50 Index
Stocks to watch
Positive Read Through
- Maruti eyes record output of over 20 lakh this fiscal
- Tata Motors to take over Ford Motor Company’s plant in Gujarat, secures govt nod
- TCI Express Approves up to Rs 750m Buyback at Rs 2,050/Share
- United Spirits 4Q Net Income Rs 1.36B, -19% Y/Y; Approves Sale of 32 Brands, Franchising of 11
- Adani Enterprises To Buy 50% in Local Agri-Focused Drone MakerAdani Green Says Unit Commissions 390-MW Wind- Solar P
- Bharat Petroleum Numaligarh Refinery Plans One-Month Maintenance From Mid-March
- GAIL India Says No Disruption in Gazprom Supplies on Russia Sanctions
Negative Read Through
- PB Fintech 4Q Net Loss 2.2B Rupees Vs. Loss 2.98B Rupees Q/Q; Revenue +46% q/q to 5.4b
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