Market for the week ended with gains of around 1% after sharp rebound on Friday which forced Nifty to close above 18,034 which is a crucial resistance levels. After Friday’s up move, the support line of expanding wedge is now placed at 17,945 and should be seen as a key breakdown levels for the coming days. On the other hand, with formation of weekly hammer pattern, the upside resistance for Nifty is seen at 18,280 and 19,000 respectively. On the international front, the MSCI India ETF stands 2.2% away from activating major trend reversal breakdown.
U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak. Dow futures rose about 40 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose 0.14%.
Stocks in news
- Maruti Suzuki aims to drive in more CNG trims across its product range
- Fitch downgrades outlook on Lodha Developers to negative
- Zydus Cadila’s Covid vax to be administered only to adults for now, reports
- Coal India blended realisation flat, receivables down 24.1 pct in H1.
- Aster DM Healthcare to expand in India with Rs 900 cr capex over next 3 yrs
- Amara Raja revenue up 17.6 pct, margin at 12.8 pct vs 17.9 pct.
- Adani to invest $70 billion in renewable energy, produce cheapest hydrogen
- ONGC- Q2 revenue, EBITDA and margin below estimates, cuts Oil & Gas guidance.
- Maruti gets clearance for new manufacturing plant in Haryana.
- IGL hikes CNG prices by Rs 2.28 per kg, hikes total Rs 6.84 in 2 months.
- Hero Moto reports Q2 earnings above estimates, average selling price up 13 pct YoY
- Ashok Leyland revenue up 57.2 pct, losses narrowed YoY to Rs 83 crores.
- Nykaa revenue up 8.4 pct, margin 3.2 vs 3.3 QoQ.
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