It was about time we witnessed a material correction. The last one we witnessed was when Japan raised interest rates, and the yen carry trade was presumed to be under threat.
After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200,
Reliance Industries received shareholders’ approval for 1:1 bonus share and increased authorized share capital. The total percentage of votes cast in favor of the bonus
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