The Nifty index sell-off indicates it’s still a sell-on-rise scenario, with immediate resistance at 23,100 and support at 22,850. Momentum indicators remain below oversold levels, suggesting a potential dead cat bounce. Options data for January expiry shows increased put writing at 23,000 and above, signalling support, according to Praveen Dwarakanath of Hedged.in.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires
July 28, 2026