Technical View: Nifty 50 likely to stay range-bound below 24,400; Bank Nifty holds 20-day EMA, signalling short-term bullish trend remains intact

  Nifty needs to reclaim and sustain above the 24,350-24,400 zone, which could increase the possibility of a further upmove towards the 24,800-25,000 zone. Until then, range-bound trading and consolidation are likely to continue, with immediate support at 24,200, followed by the key support level of 24,000.   The Nifty 50 retreated after Friday’s sharp…

Bharti Airtel tests 200-DMA; this brokerage expects 10% upside in stock

Analysts at Bajaj Broking believe that Bharti Airtel generated a breakout above the 4-month consolidation range of ₹1,740 – ₹1,930 and expect the stock to target ₹2,125 levels in the coming months.   Bharti Airtel stock hits 200-DMA   Bharti Airtel stock today hit the 200-day moving average for the first-time since February 25, 2026.…

India’s core sector growth rises to 1.7% in April on steel, cement output

These eight sectors expanded by 1 per cent in the same month last year. The pace of expansion was 1.2 per cent in March   Production growth in eight core infrastructure sectors rose 1.7 per cent in April, driven by higher output of steel, cement and electricity, according to government data released on Wednesday. These…

Goldman Sachs slashes India growth forecast for 2026 to 5.9%, warns currency strain will force rate hike

Goldman Sachs raises India 2026 CPI forecast to 4.6% from 4.2% earlier; Goldman Sachs expects 50 bps rate hike by RBI in 2026   Goldman Sachs has pared its growth estimate for India for 2026, while forecasting a 50 basis points hike in policy rates as the economy contends with sharp depreciation in its currency.…

‘Examining implications’: India on US move to revoke Chabahar port waiver

The revocation of the sanctions waiver comes as a challenge for India, as it is involved in the development of a terminal at Chabahar Port   India on Friday said it is currently examining the implications of the United States (US) revoking the sanctions waiver for Iran’s Chabahar port. In a press briefing, the Ministry…

Stock market: FII ownership in Indian shares drop to 16%; what’s on their sell radar?

For oil & gas sector, January’s $182 million outflows marked the fifth consecutive month of selling. For automobile sector, it was the sixth straight month of FII selloff at $672 million.   In its latest strategy note, JM Financial noted that foreign institutional investor (FII) ownership as a percentage of total Indian equities slipped further…