Haldiram’s stake sale has been under discussion for years, attracting many bidders due to the company’s leading position in India’s snack industry. Meanwhile, AkzoNobel’s paint division sale may see interest from Pidilite and Berger. Rising palm oil prices challenge players like Bikaji, who rely heavily on this raw material. Stakes are high in the competitive paint and snack markets.
Tech view: Lack of strength limits Nifty’s breakout potential, key support at 23,150. How to trade on Friday
Nifty’s short-term trend remains positive, but lacks strength for significant breakouts. Key resistance levels are at 23,400-23,450, while immediate support is at 23,150. Analysts suggest
January 16, 2025