Trade setup for September 2: Nifty bulls eye 20-DMA but market sentiment still ‘sell on rise’

Nifty rebounds above 24,600 on strong India GDP data. Here are key support and resistance levels and expert insights for Nifty and Bank Nifty today.

Nifty rebounds above 24,600 on strong India GDP data. Here are key support and resistance levels and expert insights for Nifty and Bank Nifty today.

Offtake during the month rose 7.6% to 56.7 million tonne from 52.7 million tonne in August 2024, according to provisional figures released by the company. Shares of Coal India Ltd ended at ₹378.15, up by ₹3.35, or 0.89%, on the…

On the rupee, Kunal Shah, Head of Commodities & Currency Research at Nirmal Bang said the currency’s outlook depends on tariff decisions by the US. He sees support around 86.50–86 and resistance near 89 against the dollar.

Nuvoco Vistas announced a ₹200 crore plan to expand cement grinding capacity by 4 MTPA in eastern India, strengthening its market presence with phased additions through FY27.

RPP Infra secured a ₹1,126 crore order from BHEL for fabrication and supply of structures across India, sending shares up 20% to hit the upper circuit.

The NSE Nifty 50 index climbed 198 points, or 0.81%, to close at 24,625, while the S&P BSE Sensex advanced 555 points, or 0.70%, to end at 80,364. The broader market outperformed, with the Nifty Midcap index surging 1,098 points,…

The contract has been secured from Combat Aircraft Systems Development and Integration Centre (CASDIC), the company informed the stock exchanges. The contract entails the design and development of 10 Electronic Control Units (ECUs) for the aircraft’s cooling system, Axiscades Technologies…

the company plans to start green hydrogen production at a coastal site, targeting 10,500 MTPA capacity in 2.5 years. To fund this, it aims to raise ₹600–800 crore and is eyeing an IPO by August or September 2026.

About 2.2 crore shares changed hands, compared with the 20-day average of 7 lakh.

Shares of Anand Rathi Wealth listed on the bourses in December 2021, when it sold its equity at ₹550 apiece to raise ₹660 crore via the IPO. The stock, adjusted for its bonus shares, has gained 434.5% from its issue…