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Markets have been witnessing consolidation over the past few weeks, post the sharp recovery from its recent low witnessed on November 21. Overall, lack of clear triggers on the back of FII sell-off which appears to have waned recently, corporate earnings slowdown, inflationary concerns, bullish momentum in US stock markets, are some of the factors playing out in the markets.
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News and Media
While the downsides at open were expected given the direction of the previous days trend, the upswing thereof found support from the fact that the sluggishness had persisted through the week without major news break setting up conditions for mean reversion move.
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News and Media
Markets have witnessed several challenges in the recent past - Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.
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News and Media
Dixon Technologies and Vivo India are forming a joint venture to manufacture smartphones in India. Dixon will hold a 51% stake, while Vivo will hold 49%. This partnership aligns with the Indian government's push for Chinese companies to partner with Indian entities. The venture will fulfill some of Vivo's OEM orders and potentially manufacture for other brands as well.
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News and Media
Indian benchmark indices rallied about 1% on Friday, driven by gains in tech and consumer durables. Shakti Pumps surged 5%, nearing all-time highs, while IOC climbed 2.01% showing signs of recovery. JK Tyre experienced a marginal dip, consolidating near support levels.
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News and Media
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