Stock Market Today: At a discount of about 20 points from the previous close of the Nifty futures, the Gift Nifty was trading at the 25,025 mark. Additionally, the patterns on Gift Nifty point to a subdued debut for the Indian benchmark index. On Monday, the Bank Nifty index closed at 51,148.10. It is up by 214.65 points on the daily chart, forming an Inverted Hammer candlestick pattern. The following session may see resistance around 25,105 and 25,180, while Nifty can anticipate support levels at 24,980 and 24,910.
Stock Market Today: Stocks in focus
UltraTech Cement
The international cement manufacturer UltraTech Cement Limited is based in India. With an installed capacity of 152.70 million tonnes per year and a sales volume of 119 million tonnes per year, it is the largest manufacturer of grey cement, ready-mix concrete (RMC), and white cement in India and the fifth largest globally. With the assistance of six banks, UltraTech Cement declared that it had successfully raised $500 million through a sustainability-linked loan.
HCLTech
HCL Technologies Limited, also known as HCLTech, is a multinational Indian information technology (IT) consulting firm with its main office located in Noida. The corporation employs approximately 220,000 people and maintains offices in 60 countries. HCLTech announced that it has expanded its strategic cooperation with Xerox for AI-driven engineering services and digital process operations (DPO).
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