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Nifty50 on Friday saw buying at the day’s low level before eventually ending the day higher. The index formed a small bullish candle on the daily chart. Analysts said the index is moving sideways and any rise towards the 12,900 level could attract selling pressure.
Nifty likely to find support at 15,600Nifty is approaching maturity of price/time-wise correction as it retraced its May 2021 rally by just 38% over past 4 weeks, indicating robust price structure.
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… Read MoreInfosys Q1 preview: Expect strong revenue growth & deal momentum; all eyes on upgrade in FY22 guidance
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… Read MoreNSE-BSE bulk deals: HSBC Smallcap Fund buys stake in CMIIn another transaction, IL&FS Financial Services sold 5.26 million shares of Parsvnath Developers through a bulk deal on the NSE at Rs. 13.34 apiece.
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… Read MoreInsurance biz: MNCs can own 74%, but FIIs, PEs hold the keyAshvin Parekh, a consultant who has been advising the insurance industry for two decades, said that it made sense for companies to have local management as the Indian market is different from the West when it comes to investm… Read MoreNSE-BSE bulk deals: IDBI Bank sells stake in Zicom ElectronicIn another transaction, Vijit Asset Management bought 250,000 shares of BPL at Rs. 41.4 apiece through a bulk deal on the National Stock Exchange.
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