“Till the time the index trades above 17,800 on a closing basis, the pattern is eventually expected to break out on the upside. Nifty will be set for a larger bounce, once it crosses the near term barrier of 18,050,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

With exports unlikely to rebound to peak levels and prices expected to remain weak, analysts are recommending select stocks such as Tata Steel, JSPL, NMDC, Kirloskar Ferrous, and Tata Metaliks, among others.

The 100MW portfolio comprises three operational solar power projects in Uttar Pradesh and Rajasthan and has a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd and Uttar Pradesh Power Corporation for 25 years. Headquartered in Mumbai, Virescent was established to acquire operating assets and leverage investment opportunities in the fast-growing renewable energy sector.

United Drilling Tools (Re 0.6 per share), Bhatia Communications & Retail (Re 0.05 per share), Precision Wires India (Re 0.3 per share) and Kaveri Seed Company (Rs 4 per share) had announced their interim dividends.

GPIL, part of the Raipur-based Hira Group of Industries, manufactures long products of steel, mainly steel wire. It also produces sponge iron, billets, ferro alloys, among others.

State Bank of India, HDFC Bank and ICICI Bank acquired a 9.54 per cent stake each in Perfios Account Aggregation Services Private Limited. Banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes.

In the Nifty pack, 20 stocks were trading in the green, while 30 stocks were trading in the red.

The Death Cross is a chart pattern that indicates the transition into the bear grip. This technical indicator occurs when the short-term moving average (say, 50-day) of a stock/sector crosses from above to below a long-term moving average (say, 200-day).

Some of them are obvious names, especially those that have benefitted from the commodity boom in the last couple of years. A few of them are little known names that have surprised investors and analysts.

Further, the government has imposed a 15 per cent export duty on hot-rolled, and cold-rolled steel products from nil earlier. On the import front, the government has cut import duty on some raw materials like PCI, met coal and coking coal.

MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average called the ‘signal line, is plotted on top of the MACD to indicate ‘buy or ‘sell opportunities.

G​MR Infrastructure has received approval from the National Company Law Tribunal for the restructuring plan involving the demerger of the non-airport business.

The company said its standalone long-term outstanding debt at Rs 1,369 crore as of March 31, 2017 -- scheduled to be repaid by FY 2032 -- was brought down to Rs 457 crore as of March 31, 2021.

The company manufactures sponge iron, billets, ferro alloys, captive power, wires rods, steel wires, oxygen, fly ash brick and iron ore pellets.

Adani Group stocks tumbled up to 25 per cent before recovering. BHEL tanked 12 per cent, but Godawari Power and e-Clerx Services continued the winning streak.