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​​For the long term, you could very well say that this is a company that mimics the India growth story because it has a large part of its business which kind of gets reflected in the telecom and technology space as also in the retail space.

The Nifty index experienced volatility, closing lower after erasing early gains. Analysts suggest weakness may persist, with support levels at 23,350 and 23,200. A Bear Put Spread strategy is recommended to capitalize on the anticipated downward movement.

Five Nifty500 stocks, including Vijaya Diagnostic, Kalyan Jewellers, and Granules India, formed a bullish "White Marubozu" pattern on November 19, signaling strong buying pressure and potential future price gains.

Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportunities in the transmission and smart metering segments

Suzlon Share Price: Geojit Financial Services has issued a buy call for Suzlon Energy, setting a target price of Rs 68. They project a 67% CAGR in WTG deliveries for FY24-27E, driven by anticipated growth in Indian wind installations. Geojit cites attractive valuations, recent order wins, and the acquisition of Renom Energy as key drivers for their positive outlook.

The Indian rupee hit an all-time low against a strengthening dollar, fueled by foreign investment exits and fading expectations of US interest rate cuts. Despite likely intervention by the Reserve Bank of India, the rupee weakened to 84.4225 per dollar. Indian equities also fell, impacted by losses in Adani Group stocks following fraud charges against its chairman.

The Nifty 50 index recovered slightly after a seven-day losing streak, but the broader market, particularly small-cap stocks, witnessed significant declines. Some small-cap stocks plummeted by as much as 78% from their 52-week highs, reflecting a bearish market sentiment.

Morgan Stanley maintains a cautious stance on the chemical sector, retaining an "Overweight" rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.

On the technical charts, the RSI of the stock stood at 43.22.