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The Nifty closed slightly higher on Friday, with muted trading volume. Support levels are at 23,550 and 23,200, while resistance lies at 24,000. The index is currently below its key moving averages, indicating bearish momentum.
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Nimesh Chandan, CIO of Bajaj Finserv AMC, is bullish on large-caps and sectors like power infrastructure, pharma, online platforms, and real estate. He emphasizes long-term investing, focusing on megatrends, and acknowledges the risk of lower returns after consecutive years of strong performance.
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Several companies, including KPI Green Energy and RedTape, have upcoming record dates for corporate actions. Investors must hold shares before the ex-date to qualify for dividends, bonuses, or splits. The T+1 settlement system generally aligns record and ex-dates, but exceptions may occur due to market holidays.
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News and Media
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