Citi On Indus TowersBuy Call, Target At `485/ShVodafone Group Plc To Sell Its Balance 3% Stake In Co, Est Total Sale Proceeds At `2,700-2,800 CrAfter Repaying Outstanding Borrowings Of $101 m, Est Residual Proceeds At `1,900-2,000 CrResidual Proceeds Would Then Be Infused As Equity By Vodafone Plc Into Voda IdeaVoda Idea Will Use Proceeds For Clearing Its Past Dues To IndusThe Amount Adds Up To `7...

India's benchmark indices, Sensex and Nifty, extended their gaining streak for the fifth consecutive session on December 5, driven by gains in Asian and global markets. The return of foreign institutional investors (FIIs) after two months of heavy selling also boosted market sentiment.At 9:25 am, Sensex rose 0.17 percent to 81,096 points, while Nifty gained 0.14 percent to 24,501 points. Over the ...

Nifty Trade SetupThe market was rangebound throughout the session, possibly due to caution ahead of the MPC's interest rate decision scheduled for December 6. However, it maintained an upward trajectory for the fourth consecutive day on December 4. Considering the index sustained above all key moving averages and the neckline of the Inverted Head and Shoulders pattern, an up-move towards 24,550 (i...

Nifty Trading StrategyAfter a rally in the previous three consecutive sessions, the Nifty 50 witnessed consolidation on December 5, ending flat with a positive bias. As long as the index holds above the 24,350 zone, the upward trend, barring intermittent consolidation, remains intact, with the first target at 24,550, followed by the key target zone of 24,700-24,800. However, if it falls below 24,3...

The benchmark indices closed the rangebound session flat with a positive bias on December 6, maintaining an upward trend for the fourth consecutive day. The market breadth was positive, with about 1,495 shares advancing against 995 losing shares on the NSE. The market is likely to consolidate further, while the overall trend remains in favor of the bulls. Below are some trading ideas for the near ...