Market Morning Notes For 26th March 2024
2 min read
Markets for the 7 days rebounded with marginal gains forming hammer like pattern on weekly candlestick with major selling noticed in technology stocks. The hammer pattern suggests significant bullishness on a shift previously mentioned 21,180 in Nifty which may well open gates for a rally towards 23,500 with big contribution anticipated from the banking sector. At existing, Nifty Bank is trading near main breakout and is expected to surge 15% on a shift earlier mentioned 46,800. The sharp drop in India VIX underneath 13 mark in the preceding 7 days also confirms significant action from set producing consequently furnishing important support at 22,000 in Nifty.
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Mankind Pharma – Beige Ltd to offer up to 2.90% by way of block discounts, as for every report.
Crompton Shopper – Receives tax demand really worth Rs. 690 mn from I-T dept.
IIFL Fin, JM Money – RBI to carry out particular audits of both of those the corporations.
Sanghi Ind – Ambuja Cements sells 2 pct stake in corporation for Rs. 2.58 bn.
Fortis Wellbeing – Arm gets Money Tax demand from customers observe of Rs. 895 mn.
ICICI Sec – Receives administrative warning from SEBI immediately after inspection.
Paradeep Phosphates – CPCB problems closure of procedure see to Odisha plant.
Adani Electrical power – MSEDCL information petition with MERC on calculating in-land coal transportation value.
PayTM – Praveen Sharma resigns from the submit of SVP – Enterprise of One particular 97 Communications.
Exide – Subsidiary Chloride Metals faces Rs. 1.33 bn revenue tax desire for FY22-23.
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