Nifty’s short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.
HDFC Life Q4 Results: Cons PAT rises 15% YoY to Rs 475 crore, revenue jumps 16%
The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.