After a short-term correction, the stock has formed a range-bound formation near the 200-Day SMA (Simple Moving Average). It has formed a promising reversal formation this week and is comfortably trading above 20-Day SMA.
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise
NSE slipped below their Rs 1,785 IPO price on Monday, taking its market capitalisation to Rs 4.36 lakh crore. Despite the decline, brokerages remain positive
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