The Indian market is expected to trade higher on Tuesday, supported by positive global cues. Nifty futures closed lower on Monday with a 0.34% loss. Options data suggests a broader trading range of 24,100 to 25,000, with immediate support at 24,500 and resistance at 24,700. Traders can focus on short-term opportunities in selected F&O and cash market stocks.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.