Nifty’s Monday pullback is a technical dip, not a trend reversal, says HDFC Securities analyst Nagaraj Shetti. After forming a higher bottom, the index finds strong support at 23,400-23,500, with 24,500 the near-term target once it clears 24,100. Shetti recommends buying Glenmark Pharmaceuticals (target Rs 2,310, stop Rs 2,150) and Oberoi Realty (target Rs 1,800, stop Rs 1,630).
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment