On weekly chart, the index has formed a bullish candle with a lower shadow indicating buying at lower levels and 18,000 acting as a good support. If Nifty crosses and sustains above 18,450, it would witness buying, taking the index towards 18,600-18,700. If it breaks below 18,200, it would witness selling, taking the index towards 18,000-17,800.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable