Sensex rose 0.3 per cent last week, while the Nifty 50 increased by 0.2 per cent. Midcaps underperformed the benchmark index, while the smallcaps outperformed. The BSE Midcap declined 0.2 per cent. On the other hand, the BSE Smallcap index jumped 1.4 per cent for the week. During the week, […]
Dr. Reddy
The NSE Nifty 50 closed up 2.05% at 23,290.15 points, while the S&P BSE Sensex rose 2.16% to 76,693.36. The Nifty 50 gained 3.4% this week, while the Sensex climbed 3.7%, recouping all losses from Tuesday, when Narendra Modi’s alliance won the general elections by a surprisingly narrow margin. Meanwhile, […]
Brokerage firm Prabhudas Lilladher’s, Vaishali Parekh who is Vice President – Technical Research has suggested healthcare stock Dr Reddy’s Lab to buy this week. Parekh has set the target price of the healthcare stock at ₹6,500, sees an upside potential of 10.73 per cent. “The stock has corrected well and […]
Indian stock market: The Nifty index is showing signs of near-term bearishness as it forms a double top pattern on the daily chart, coupled with a bearish engulfing candle. This suggests a sell-on-rise approach in the market. Confirmation of the double top pattern would require follow-up selling in the upcoming […]