SGX Nifty Indicates Positive Opening, Tata Steel Q3 Production Increases 2.9% y/y to 4.6MT
Market status: Confirmed Uptrend Distribution days: Three Global stock markets: Dow 30, +0.2%; S&P 500, +0.6%; Nasdaq, +1%; Nikkei, +2.4%; Hang Seng, +1.3%; Kospi, -0.1% Last week, Nifty started on... Market status: Confirmed Uptrend Distribution days: Three Global stock markets: Dow 30, +0.2%; S&P 500, +0.6%; Nasdaq, +1%; Nikkei, +2.4%; Hang Seng, +1.3%; Kospi, -0.1% Last week, Nifty started on a strong note and closed above 14,000 decisively on Monday. Also, it traded above 14,000 in the next four trading sessions. Friday’s action qualified as an additional follow-through day as Nifty advanced about 1.5% on volume higher than the previous session. During the week, broader market indices outperformed the general market. Barring Nifty FMCG (-0.3%), all the sectors closed in the green. Nifty Metal (+8.3%) was the major gainer, followed by Nifty IT and Media, which advanced 6.9% and 5.9%, respectively. With leadership broadening and indices above relevant intermediate-term moving averages, we will continue to look for leadership-quality growth names to form entry points. If a pullback/consolidation happens, it will be crucial for Nifty to hold its 21-DMA. It is advised to closely review the existing positions and book profits in stocks that are extended from their moving averages and showing technical weakness. Also, tracking distribution days is crucial as rising in distribution days can halt the uptrend. Key News Tata Consultancy Svs. posted its Q3 FY21 results. Profit was up 7.2% to Rs 8,701 crore as against Rs 8,118 crore for the same period last quarter, while revenue rose 4.7% to Rs 42,015 crore from Rs 40,135 crore on a q/q basis. Tata Steel increased its Q3 production in India 2.9% y/y to 4.6MT, but deliveries fell 3.9% y/y to 4.66MT. O’Neil Market Condition Report For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 84%; Rally Attempt, 4%; Uptrend Under Pressure, 12%; Downtrend, 0%. For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 66%; Rally Attempt, 0%; Uptrend Under Pressure, 34%; Downtrend, 0%. Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio, etc. Source: Free Articles from ArticlesFactory.com Marketsmith India, One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all in one place. A proprietary tool by William O'Neil India following the CANSLIM method of investing..
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Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
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AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...
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