The market trend looks positive, however, analysts say that upside could be limited given the sharp rise of 3% in Nifty in the last four days and the big event of RBI policy outcome on Thursday
The short-term trend of Nifty remains positive, the index may move towards 17,800. Adani Ports, L&T, Suzlon and Welspun Enterprises among stocks in focus on Thursday
Welspun Enterprises Ltd (WEL) has appointed Kapil Maheshwari as CEO and executive director of its wholly-owned subsidiary Welspun New Energy Limited. Before joining Welspun, Maheshwari was part of Reliance Industries, where he was leading renewable energy and green hydrogen ecosystem development
The board of clean energy solution provider Suzlon Energy has appointed JP Chalasani as the company's Chief Executive Officer following the resignation of Ashwani Kumar from the post. Kumar resigned as the CEO with effect from April 5, 2023 on account of personal reasons, a BSE filing stated
L&T has bagged multiple contracts worth more than Rs 7,000 crore in the Middle East region. The scope of work comprises engineering, procurement, construction and installation for various new offshore facilities and integration with existing installations, L&T said in a statement
Adani Ports reported 9% growth in cargo handling at seaports it operates for the fiscal year ended March 31. At 339 million tonnes, this is the largest port cargo ever, Adani Ports said in a statement. The firm handled about 32 million tonnes of total cargo in March, up 9.5% year-on-year
Adani Group told investors that several top Japanese and European banks have reaffirmed confidence in the embattled conglomerate after it was pummeled by Hindenburg Research’s critical report, a company document showed, said a report on Wednesday
“The short-term trend of Nifty continues to be positive and we expect this upside momentum to continue in the coming sessions. The near-term upside targets for the Nifty is around 17,800 and next 18,250 levels for the next one week. Immediate support is placed at 17,400 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
The next hurdle on the upside for Bank Nifty stands at the 41,500-41,600 zone which can act as a profit-booking zone for the short term. “The index, however, surpassing those levels on a closing basis, can extend the rally towards 42,000/42,500 levels. The lower-end support is visible at the 40,600-40,500 zone, which will cushion the bulls,” said Rupak De, Senior Technical Analyst at LKP Securities
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