Sun, Apr 28, 2024 3:36 PM
Stock market holidays in May 2024: NSE, BSE to remain closed on these dates
A Flip by Avya Verma
Vaishali Parekh, VP- Technical Research at Prabhudas Lilladher, believes that the Indian stock market bias is still cautious and the 50-stock index has crucial support placed at 21,750. ✔️Buy or sell stocks for today: 📌HUL: Buy at ₹2362, target ₹2470, stop loss ₹2315; 📌Grasim Industries: Buy at ₹2377, target ₹2485, stop loss ₹2325; and 📌JSW Steel: Buy at ₹853.60, target ₹888, stop loss ₹834.
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Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in the world's second-largest economy.Both firms, which combined account for about 69% of China's e-commerce market revenue, according to DBS estimates, have faced increasing competition in recent years from low-cost platforms.
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Promoters of distressed engineering, procurement and construction (EPC) company Gayatri Projects (GPL) made a nearly ₹750 crore offer to creditors seeking to settle dues worth ₹9,115 crore after banks filed for the company's liquidation. However, a successful outcome is far from easy as any settlement with promoters under Section 12A of Insolvency and Bankruptcy Code (IBC).
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