The Indian market may stabilize on Thursday owing to mixed global cues. The Sensex index dropped more than 200 points and Nifty50 dropped below 18,300 on Wednesday due to rising volatility. The immediate trading range could be between zones of 18,150 to 18,400. A higher upper shadow with a long pin bar formation was observed, indicating pressure in higher zones. Engineers India, NBCC and KPIT Technologies are a few stocks that can be bought for short-term trading.
Reliance Q1 results today: Ambani’s triple-engine turnaround targets best quarter in 18 months
Reliance Industries is poised to announce Q1 earnings, with analysts predicting a substantial 15-16% year-on-year EBITDA surge, driven by strong performances across its retail, telecom,