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The Relative Strength Index of the stock stood at 29.0 on Thursday.

“Even though the number of people in work are not declining and we have not yet got rising unemployment. What we have got is falling real incomes. So those people who are at work, are finding that their purchasing power is falling, their real incomes are declining and GDP numbers are measured in real terms not in nominal terms. Inflation through its impact on the real disposable income is having the same negative effect that a rising unemployment would. ”

Phoenix Mills Ltd., incorporated in the year 1905, is a Mid Cap company (having a market cap of Rs 21314.33 Crore) operating in Real Estate sector.

hort-term traders can look at entering the stock now or on dips towards Rs 121-116-105 for a target closer to Rs 200 in the next six months, suggest experts. On the price front, Jamna Auto is trading above all the crucial short and long-term moving averages such as 5, 10, 20, 50, 100, and 200-DMA, which is a positive sign for the bulls.

"Commodity prices have been cooling off, crude oil is nearly at $110, and rate hikes are still on the cards, so such macroeconomic concerns are expected to keep the markets volatile as well in H2 2022. But if these concerns start to ease, in terms of the war coming to an end, supply-chain disruptions easing off, leading to a decline in commodity prices, and a stable interest rate scenario, then these factors could act as positives for the markets."

“It is positive news for the integrated textile players and particularly the ones having a good presence in the export market. KPR Mills, Vardhaman Textiles, Himatsingka Seide Ltd are some of the names where we expect some positive ruboff. Among FMCG stocks, number one is Godrej Consumer Products followed by HUL and Dabur. The fourth would be Britannia.”

“Our view is that both in the case of energy prices and commodity prices, the sustainable level would be lower than where they are. We are not sure of the timeline in which they would come down even more but in the meantime, the Indian markets definitely would cheer lower oil prices.”

Barring Tron and Unus Sed Leo, all other crypto tokens were trading higher. Ethereum and Solana zoomed 5 per cent each, whereas BNB, Cardano, Dogecoin and Shiba Inu rallied more than 3 per cent each.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 56582.75 Crore) operating in Auto sector.

The company is focused on to grow the key products and scale up substantially and deleverage all the debt in all the international operations and accelerate the commitment towards sustainability by adopting green chemistry, Chandrasekaran added. Further, he said, India is in a very strong position and is slated to be the fastest growing economy in the coming year.