From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Reliance shares in focus for 2nd session, SAMCO flags historical rally pattern
What's behind this
On November 1, India’s equity markets surged, with the BSE Sensex climbing roughly 800 points to near 23,650 and the NSE Nifty 50 also rising, while individual stocks showed mixed moves: Trident gained about 10%, Marico about 8% and KEC International fell around 9%. Foreign Institutional Investors bought shares worth Rs 3,117.99 crore, whereas Domestic Institutional Investors sold about Rs 406.61 crore. In early trade the Sensex jumped 614.66 points to 76,301.63 and the Nifty rose 149.80 points to 23,588.55, supported by a sharp correction in crude‑oil prices and foreign fund inflows. Asian peers showed mixed performance, with South Korea and Shanghai lower and Hong Kong higher.
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right · 2 outlets
The stock has decisively broken above a prolonged downward-sloping trendline, indicating that selling pressure may be giving way to fresh buying interest
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The stock has decisively broken above a prolonged downward-sloping trendline, indicating that selling pressure may be giving way to fresh buying interest
