After a slow start on Thursday morning, the stock market quickly recovered. The market showed some life on Thursday, meaning yesterday, following three straight days of fall. Yesterday, both the Nifty and the key sensitive index Sensex on the BSE opened in the green. On Thursday, Nifty opened the trading session at a level of 17,638. The Sensex increased by 18 points to 59,586.

The stock market reached the red line in the afternoon after surrendering some significant gains in the morning. The Sensex had fallen to a low of 59,527 at that moment, a decline of 40 points. Nifty had dropped 23 points and was at a level of 17,595 at the same time. In terms of sectoral indexes, FMCG, Nifty Oil & Gas, PSU Bank, Metal, Nifty Bank, Nifty Financial Services, Nifty Media, and Nifty Realty indexes all stayed below the zero line, with the exception of Nifty Auto, Consumer Durables, and Private Bank.

The stock market was inactive on expiry day for three days in a row. Sensex-Nifty was able to close above the positive level at green points. The Sensex was able to close at 59632, up 64 points, and the Nifty at 17624, up 5 points. 26 of the 50 Nifty 50 equities finished in the green, while 23 closed in the red. NTPC, Adani Ports, Asian Paints, Bajaj Auto, and Tata Motors were some of the top gainers on the Nifty. The top losers were Divis Lab, Hindustan Unilever, Dr. Reddy’s, Eicher Motors, and Hindalco.

The March quarter results have been made public by Tata Communications Limited (Tata Communications share), a member of the Tata Group. During the quarter, the company’s net profit decreased. The company’s earnings have somewhat improved, nevertheless. The company’s stock has fallen on Thursday, meanwhile. The share price climbed by 4% throughout this time. The share price rose to ₹ 1231 at the close of trade, up 3.15 percent. During the trade, the share price grew to ₹ 1248.05. This company’s market capitalization increased to ₹ 35,092.05 crore. On January 12, 2023, the stock reached a 52-week high of ₹ 1,429, and on June 15, 2023, a 52-week low of ₹ 856.

In the three months ending in March, Tata Communications’ net profit fell by 11% to Rs 326.03 million. In the same quarter of the prior fiscal year, the company’s net profit was ₹ 365.06 crore. The March 2022 quarter saw revenue of ₹4,263.03 crore, which has now risen to ₹ 4,586.66 crores. Let us say that the business has also declared a ₹ 21 dividend.

LTP CALCULATOR ANTICIPATION FOR THE NEXT WEEKLY RANGE OF NIFTY 

The Nifty weekly range for the following week has been predicted by the LTP Calculator. Investors should be aware of these aspects since the LTP Calculator Option Chain indicates that the weekly range resistance for the Nifty is 17,790 and the weekly range support is 17,459.