The Nifty index has formed a small bullish candlestick on the daily chart, while a strong bullish candle with a long lower shadow on the weekly chart signals support-driven buying and the potential for a short-term recovery.
Indian market bounced back on Tuesday to close in the green. The BSE Sensex rose more than 150 points while the Nifty50 managed to close
Five Nifty500 companies posted their highest quarterly net profits in 10 quarters, with over 50% growth from previous peaks, signaling strong operational performance.
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