 |
|
|
|||||
Amidst Nifty's fifth consecutive week of losses, traders are eyeing stock-specific opportunities. Kaynes Technology and Jindal Stainless show bullish potential, while Jio Financial Services is expected to test higher levels. Conversely, Indraprastha Gas and Dr. Reddy's Laboratories face bearish sentiment. Exide Industries and Federal Bank are also anticipated to underperform in the near term, according to analysts.
Category:
News and Media
A $5 billion dollar-rupee swap from late January is set to reverse on Monday, potentially removing 43,000 crore from the banking system if the RBI delivers dollars fully. This operation, part of a series to ease liquidity, coincides with existing surplus liquidity and an upcoming CRR cut.
Category:
News and Media
Nifty has been on a five-week decline, facing resistance around 24,800-25,000, and may continue to experience pressure. Analysts suggest healthcare, cement, and FMCG sectors could show strength, while advising caution on IT and metal stocks. A break below 24,500 could trigger further selling, with potential support levels around 24,000-23,800.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||