Stock Market Today: GIFT Nifty on the NSE IX down 9 points, or 0.05 per cent, to 19,889, indicating that Dalal Street will likely have a quiet start to the week. Nifty finished the day 28 points higher and created a Hanging Man candle on the daily chart, indicating a bearish reversal pattern despite range-bound trading.Although 19850 is proving to be a difficult barrier to overcome, the Nifty’s short-term trend is still range-bound and biassed positively. It is anticipated that a strong advance above the 19850–19900 levels will pave the way for new all-time highs. A dip from this point could find support in the 19650 levels, according to HDFC Securities’ Nagaraj Shetti.
Rupee rises against US Dollar
The rupee tracked a strong US currency overseas on Wednesday, consolidating in a narrow range and closing 4 paise down at 83.32 against the US dollar. Holidays in the US and Japan on Thursday calmed currency markets, allowing the US dollar to enjoy its gains following data that raised questions about market expectations for the next rate hike by the Federal Reserve.
Stock Market Today: Stocks in focus
Tata Steel
As part of the amalgamation plan, the corporation granted 7.5 crore shares to Tata Steel Long Products and their stockholders.
Bharti Airtel
Due to an alleged breach of subscriber verification guidelines, the Tamil Nadu Department of Technology levied a penalty of Rs 2,45,000.
ACC
Two penalties of Rs 47,000 each were levied by the NSE and BSE for postponing the hiring of important managerial staff.
Infosys
With the aim of modernising, harmonising, and consolidating TK Elevator’s digital environment, the IT behemoth and the company established a strategic long-term partnership.
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