Technical View: Will 24,000 be the make-or-break level for Nifty 50? Bank Nifty’s fall below short-term moving averages signals weakness

If the Nifty 50 sustains below the 24,000 level, selling pressure could intensify toward the crucial support zone of 23,800-23,780, according to experts. However, a rebound above this level could lift the index toward the 24,100-24,200 range.   The Nifty 50 remained under selling pressure throughout the session and closed 0.8 percent lower on July…

HDFC Mutual Fund launches metal-focused ETF, FoF; NFOs open till July 24

  HDFC Asset Management Company (HDFC AMC), the investment manager of HDFC Mutual Fund, has launched the HDFC Nifty Metal ETF and the HDFC Nifty Metal ETF Fund of Fund (FOF), offering investors exposure to India’s metals and mining sector.   The New Fund Offer (NFO) for the HDFC Nifty Metal ETF opened on July…

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…

RBI injects ₹79,256 crore into banking system via overnight VRR auction

The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments The Reserve Bank of India (RBI) on Monday infused ₹79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction.   The RBI…

Infosys shares: Buyback worth Rs 18,000 crore opens tomorrow; check entitlement ratio, eligibility and target price

Infosys plans to repurchase 10 crore fully paid-up equity shares of face value Rs 5 each, representing up to 2.41 per cent of its total paid-up equity share capital. The buyback price has been set at Rs 1,800 per share. Infosys Ltd‘s Rs 18,000 crore share buyback programme will open for subscription on Thursday (November…

‘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…