Stocks in news: HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth
Indian equity markets saw a significant rebound on Friday, with the Nifty 50 and Sensex posting strong gains. Several companies, including HCL Technologies and DMart, are in focus for the upcoming week due to earnings reports and regulatory updates.
Why it matters
Market performance and corporate earnings are critical indicators for investors tracking the health of the Indian economy.
Indian equity markets staged a sharp rebound on Friday, recovering a substantial portion of the previous session’s losses as bargain buying and improving global cues lifted investor sentiment. The Nifty 50 advanced 288.65 points, or 1.30%, to close at 22,520.45, while the Sensex gained 879.09 points, or 1.23%, to settle at 72,472.33.According to Ponmudi R, CEO of Enrich Money, the Nifty 50 has immediate support at 22,450, followed by 22,300, while resistance is placed around 22,600.
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