“At this point, the only solace for bulls is the fact that some buying emerged as the index entered into the bullish gap area present between 17,764 and 17,724 levels, registered on August 14, which was defended at least on a closing basis. Therefore, if the bulls fail to defend 17,710 levels in the ensuing week, more weakness is likely,” he said.
Adani Group raises Ambuja stake by converting warrants
The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The Adani
April 18, 2024