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The blue-chip Nifty 50 index closed 0.36% lower at 18,688.10, while the benchmark S&P BSE Sensex lost 0.49% to 62,917.63.

The sprawling firm, controlled by Asia’s richest man Mukesh Ambani, plans to use India’s dedicated external commercial borrowing route to secure the loan, the people said, asking not to be identified because the discussions are private.

The top 10 Nifty 500 companies trading near their 52-week lows offer investors potential value opportunities in various sectors such as housing finance, natural gas distribution, banking, automotive, logistics, and real estate. While some companies have a slight premium to their 52-week low, they still present chances to capitalize on sector growth. However, investors should conduct further research, evaluate financials, and consult financial advisors before investing in these companies. The data has been sourced from Trendlyne and has a lag from real-time rates on exchanges.

Stock market breakouts are significant events for investors, indicating a changing market sentiment and increased interest. Trent, Ultratech Cement, ABB India, NTPC, and Nestle India have all surpassed their five-year highs, demonstrating potential growth prospects and positive market sentiment. Trent, an Indian retail company, Ultratech Cement, a leading cement manufacturer, and electrical equipment manufacturer ABB India all exceeded their highs resulting in positive market responses. Meanwhile, NTPC, a significant player in the energy sector and Nestle India, a well-known consumer goods company, also experienced successful breakouts, highlighting their resilience and potential for expansion.

A total of 36,403 shares changed hands on the counter till 01:42PM (IST).

​I think for the time being considering the way some of the banking heavyweights are placed, it seems like it should be a ride downwards. Speaking of Bank Nifty, 43,500-43,400 is where we see the banking index sliding to as an immediate target.

Promoters held 37.01 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 24.43 per cent and 8.91 per cent, respectively.

The Relative Strength Index of the stock stood at 69.7 on Thursday.

Technical analysis using the 200 Simple Moving Average (SMA) can help identify bullish trends and potential investment opportunities. Stocks such as Motilal Oswal Financial Services, Alkyl Amines Chemicals, Ambuja Cements, Coromandel International, and Castrol India have recently crossed their 200 SMA, signaling positive market sentiment and the possibility of upward momentum. Data from StockEdge shows that these stocks demonstrate strength and potential growth, with favorable market conditions and an upward trend. Traders and investors can use technical analysis to help inform their investment decisions.

Adani Enterprises, Adani Green Energy, Paytm, and Bank of Baroda have made impressive comebacks from their 52-week lows, defying market odds and creating opportunities for potential gains. Adani Enterprises and Adani Green Energy have nearly tripled and almost doubled their values, respectively, while Paytm and Bank of Baroda have shown substantial rebounds. Investors should keep a close watch on these stocks as they continue their phenomenal recoveries, but it is important to conduct thorough research and seek advice before making any investment decisions.