Fri, Nov 22, 2024 2:53 PM
Roto Pumps Standalone September 2024 Net Sales at Rs 70.25 crore
A Flip by Shubhangi Gupta
The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices, as per a report. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season.
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Three senior executives at Religare Enterprises (REL) have resigned in the past two months. On Friday, REL informed the stock exchanges that including the newly-appointed company secretary and compliance officer, Rajat Kalra, and chief financial officer Nitin Aggarwal, amidst an investigation by the Enforcement Directorate into allegations of fund siphoning.
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Technical analysts expect the Nifty to extend Friday’s upward momentum, potentially reaching the 24,500 zone. However, a break below 23,500 could trigger selling pressure, dragging the index toward 23,300–23,000 levels. Stocks such as 📌L&T Tech, 📌Bharti Airtel, 📌HCL Tech, 📌Infosys, 📌Tech Mahindra, 📌Ipca Labs, 📌Divis Labs, 📌DLF, and 📌National Aluminium show bullish chart pattern.
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