Stock Market Today: The NSE IX’s GIFT Nifty traded 21 points, or 0.10 percent, higher at 20,187.50, indicating that Dalal Street will have a successful Monday. Nifty on Friday created a modest bullish candle with a slight upper shadow, closing 89 points higher after breaking yet another record high level. The index displayed a breakout continuation shape on both the daily and weekly charts, which suggests that the uptrend wave will probably continue soon.
Rupee falls; US stocks ended lower
As a result of rising crude oil prices and the US dollar’s strength relative to its main rivals abroad, the rupee lost 13 paise to end the day at 83.16 to the US dollar on Friday. On Friday, US stocks ended substantially lower as chipmakers fell on worries about sluggish consumer demand, while Amazon and other megacap growth companies were under pressure from rising Treasury yields.
Stock Market Today: Stocks in focus
Hindustan Aeronautics
Nine applications for purchases totaling around Rs 45,000 crore were approved by the Ministry of Defence, including one for 12 Su-30 MKI fighter jets made by Hindustan Aeronautics Limited (HAL). The aircraft and associated ground systems would be part of the Rs 11,000 crore programme.
IRCTC
IRCTC, the Indian Railway Catering & Tourism Corporation Limited, and Amazon have launched a six-month test initiative for e-marketplace, recharges, and bill payment. This would entail integrating Amazon’s online store merchandise with the IRCTC’s websites and mobile applications.
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