Stocks in news: Banks, HCL Technologies, DMart, Adani Green Energy, PTC Industries and Anand Rathi Wealth
· Business · Economic Times, LiveMint
Indian equity markets staged a sharp rebound on Friday, recovering a substantial portion of previous losses driven by bargain buying and improving global cues. The Nifty 50 advanced 288.65 points to close at 22,520.45, while the Sensex gained 879.09 points to settle at 72,472.33. Analysts note that the Nifty 50 has immediate support at 22,450, with resistance placed around 22,600. Several major entities including Canara Robeco Asset Management and Avenue Supermarts are reporting quarterly earnings and business updates. Meanwhile, banking stocks are drawing heightened attention following adjustments to cash reserve ratio requirements by the Reserve Bank of India.
Why it matters
The market recovery and upcoming corporate earnings directly impact investor sentiment and sectoral performance across Indian financial markets.
Read the original report — Economic Times
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