Business
Day trading guide for Wednesday: 4 stocks to buy or sell today — 12th Januar
After showing a sustainable upside move on Monday, Indian stocks posted a range-bound upside momentum on Tuesday. In a consolidation, the NSE Nifty closed at 18,055, 52 points higher than Monday’s close, while the BSE Sensex surged 221 points to 60,616. The Nifty Bank index rose 94 points to close at 38,442.
According to stock market experts, the current market pattern suggests a range-bound market with a positive bias. The Nifty 50’s recent moves remain unchanged, with a positive chart pattern active with higher highs on the daily chart.
Speaking in NSE Nifty’s day trading guide today; Nagaraj Sheti, technical research analyst at HDFC Securities, said: “The market’s range-bound uptrend is likely to continue. Further volatility and range are likely after key overhead resistance around the 18200 level. Volatility for the next 1-2 trading days. Eventually, the market may break above mentioned resistance in the short term. Immediate support for NSE Nisfty lies at the 17,950 level.
Weakness in the market is expected in the near term; Deepak Jasani, head of retail research at HDFC Securities, said: “Nifty’s momentum has decelerated on January 11, with the advance decline ratio turning slightly negative. This may indicate that the trend is maturing, and Nifty Sharp upward correction in the near term. 17,945 to 18,109 could be the range for the near-term Nifty.”
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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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