Stocks in news: Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity markets resume trading on Wednesday after the Diwali holiday.
- ✓Investors will track stocks like Cochin Shipyard, Kalyan Jewellers, and Bajaj Finance as they react to recent quarterly earnings.
- ✓"A sustained move above this range could strengthen upward momentum," said Ponmudi R, CEO of Enrich Money, regarding the Nifty 50.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Indian equity markets are set to resume trading on Wednesday after remaining closed on Tuesday on account of the Diwali–Balipratipada holiday. Investors will return to the market after benchmark indices ended Monday's session with modest gains, as intermittent profit booking following the recent rally capped the upside. The Nifty 50 rose 58 points, or 0.23%, to settle at 25,045 on Monday.
From a technical perspective, the immediate resistance for the Nifty is placed in the 25,150–25,200 zone. A sustained move above this range could strengthen upward momentum and pave the way for further gains, said Ponmudi R, CEO of Enrich Money.
Against this backdrop, several stocks, including Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL, Bajaj Finance and Whirlpool, are likely to remain in focus on Wednesday, November 11, as investors track September-quarter earnings, corporate announcements, order wins, fundraising plans and other developments.
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The Economic Times
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