Finolex Cable informed the bourses on Thursday that it has introduced a fast-moving range of electrical wire accessories. Finolex first entered the electrical switches and lighting segment, leveraging its widespread distribution network in the country.

The market opened lower on Friday November 22. The previous day witnessed the Sensex going down by 76.47 points to close at 40,575.17, while Nifty was down 30.70 points to close at 11,968.40

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Overall volumes in futures & options currently stand at 3.48 crore contracts with a turnover of Rs. 23,61,815.34 crore.

Overall volumes in futures & options currently stand at 3.48 crore contracts with a turnover of Rs. 23,61,815.34 crore.

On Thursday, though volatility was on a lower side compared to the past, the Nifty made a bearish engulfing candle-like pattern. Before that, almost all the bars in the week were bearish or indecisive. The index filled Wednesday’s gap and closed near the lower support. Since it is unable to sustain above the resistance area or close above 12,000, it is the time to be cautious about the uptrend. Stocks in news:  Laurus Labs, Tata Power, Bank of Baroda, Finolex Cables and RITES.

It seems the bulls need a strong impetus to cross the Laxmanrekha of 12,000-12,040 levels on the Nifty. Until then the markets would continue to trade in a range of 11,800-12,040 like it has been doing for almost the last three weeks. However, stock-specific action is likely to continue on the D-Street.

The commercial vehicles saw a sharp fall in sales since the start of the 2019. The slow pace of industrial activities, higher costs, and lack of credit availability were major reasons for the slowdown in sales. 

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Overall volumes in futures & options currently stand at 1.81 crore contracts with a turnover of Rs. 12,82,511.64 crore.