Indian markets closed marginally lower on Tuesday. The Nifty formed a bearish head and shoulder pattern, suggesting potential downside to 22,000. 24,500-24,700 is a strong resistance zone. Metals, telecom, and IT stocks gained, while healthcare, energy, oil & gas, auto, and utilities declined. HDFC Bank, Praj Industries, and Kaynes Technology hit new highs.
Vegetable oil import down 16 per cent in March to 9.98 lakh tonne: SEA
India’s vegetable oil imports witnessed a 16% decline in March, totaling 9.98 lakh tonnes, primarily due to a significant drop in crude sunflower oil shipments.
April 11, 2025