Tue, Nov 26, 2024 5:16 PM
Bharat Global continues bull run, shares hit 5% upper circuit
A Flip by Shubhangi Gupta
Nifty50 fell 27 points to finish at 24,195 and formed a bearish candle with a small shadow, resembling the Bearish Belt Hold candlestick pattern on daily charts. The index faced a hurdle at 24,350 (which somewhat coincides with 10- and 20-week EMA) for another session. Further upward movement towards 24,550 (around the high of November) is possible only if index closes and sustains above 24,350.
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French aviation training company Simaero said India will need to double its flight simulator training centres by 2030 to cater to the growing demand for pilots as domestic airlines are set to take delivery of over 1,000 new aircraft over the next decade. Simaero India will open its first center in Gurugram by March 2025, aiming to train 6,000 pilots annually by 2027.
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Motilal Oswal Wealth Management has shared a basket of 5 listed consumption names that it says are poised to benefit from the ongoing wedding season, and are expected to do well over medium-to-long term. Recommendations- 📌Titan, 📌Eicher Motors, 📌Vedant Fashion, 📌Safari, and 📌Lemon Tree Hotels - which are expected to benefit from the wedding season and see an upside of 10-15% over 3-6 months.
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