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Tata Elxsi shares down 0.84% as Nifty drops

Updated at : 2024-05-22 11:20:01

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A total of 1,888 shares changed hands on the counter till 11:05AM (IST).

The March quarter earnings growth was driven by BFSI, Auto, technology, and oil and gas, with smallcaps rallying on retail liquidity. Shibani Sircar Kurian discussed the risk in the broader market for FY25. Nifty companies reported 13% earnings growth. PSUs are favored pre-elections. Capex in power, defence, and infrastructure is expected to continue.

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​When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day.

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A White Marubozu is a bullish candlestick pattern in technical analysis.

162 companies to report Q4 earnings on Wednesday. Nykaa expects 24% BPC and Fashion GMV growth, while Paytm faces a revenue decline from RBI actions. Analysts also predict pressure from discounting and lower advertising income.

The overall bias remains on the positive side, and the Nifty seems to have stabilised near the 22,500 zones in the last 2-3 sessions despite volatility.

Brokerage companies like Bernstein upheld a Market Perform assessment for HCL Technologies, Nuvama endorsed a buy evaluation for BHEL, Jefferies suggested a buy stance on JB Pharma, and Goldman Sachs issued a buy rating for Hitachi Energy.

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