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Nifty's next move: What Reliance and HDFC Bank are signalling


Published on 2024-12-03 20:01:10 - Thomas Matters, WOPRAI
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  • The Nifty50 chart is showing early signs of a potential reversal, and when we connect the dots with large-cap stocks like Reliance and HDFC Bank, the outlook becomes even more intriguing.

The article from Livemint discusses the performance of major Indian stock indices and key companies. The Nifty 50 index saw a slight increase, closing at 20,133.15, up by 0.05%, while the Nifty Bank index experienced a marginal decline, ending at 44,465.50, down by 0.02%. HDFC Bank, a significant component of these indices, was highlighted for its potential to influence market trends due to its weight in the indices. The article also mentions Warren Buffett's interest in India, suggesting that his investment strategies could impact the market. Furthermore, it notes the anticipation around the upcoming earnings season, with expectations set on how companies like Reliance Industries might perform, given their substantial market influence. The piece concludes by reflecting on the broader market sentiment, which remains cautiously optimistic amidst global economic cues and domestic policy changes.

Read the Full Mint Article at:
[ https://www.livemint.com/market/stock-market-news/nifty-reliance-hdfc-bank-nifty-50-nifty-bank-warren-buffet-11733220098378.html ]
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