Before opting for a debt instrument, investors are often recommended to check the credit rating. Higher the rating, the safer the instrument and conversely, the lower the rating, the riskier the investment. However, one may wonder what are the criteria based on which these agencies such as CRISIL and ICRA rate the financial products.
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Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now eyeing reclaiming the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels in the next few sessions. Immediate support is at 22,320, said Nagaraj Shetti.
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Sectorally, buying was seen in realty, auto, metal and consumer durable stocks while IT stocks saw some selling pressure. Stocks that were in focus on Friday include names like Godfrey Phillips which was up over 10% to hit a fresh record high, M&M gained nearly 6% and Dixon Technologies closed with gains of over 8% to hit a fresh high on Friday.
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