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Cipla key Products/Revenue Segments include Pharmaceuticals, Royalty Income, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2022.

For more than a decade, the stock has been taking support at a rising moving average followed by a breach of the intermediate falling trendline. In recent context, the stock is rising with the same characteristic,” he said.

Price taking support at 200 day EMA and 80% retracement of previous up move has remained resilient during last week decline.

LIC Housing Finance, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 22514.08 Crore) operating in NBFC sector.

HDFC Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

“The market selloff on Friday was the consequence of the cumulative impact of Covid fears, valuation concerns and margin calls in many momentum stocks. It is important to note that the 320 point cut in Nifty was caused on a day when DIIs bought heavily for Rs 3398 crores and FIIs sold only for Rs 706 crore,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

“In this kind of panic situation, there is nothing to do for portfolio investors. One cannot be so brave to buy anything new, if you are holding something and sell it in panic, then you will actually miss out on the opportunity. So the best thing is not to do anything in this panic situation and wait for one or two days and then we will see.”

Historical trends show that December has been a good month for Nifty with the index closing with a monthly gain for 80% of the time in the last two decades. This time, however, the index may end up on the other side as it has lost over 5% of its value so far in a month.

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 26282.94 Crore) operating in Chemicals sector.

Share India Securities’ board will meet for considering the proposal of raising funds by way of issue of one or more instruments including equity shares/convertible securities either by way of preferential issue/ rights issue.