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The Nifty50 index managed to surpass crucial resistance levels in a single trading session and is on track to hit a higher target towards 11400, say, experts. Breakout, finally! Five days of a successive rally in the Indian markets pushed Nifty50 beyond its crucial resistance levels of 10,985-11,000 on Wednesday. The index made a long bullish candle for the 5th consecutive day in a row. Nifty50 opened at 10,965 slipped marginally to 10,962 before breaking above 11,000 levels. It touched an intraday high of 11,072 before closing the day at 11,062, up 128 points from its previous close of 10,934.35. Nifty50 managed to surpass crucial resistance levels in a single trading session and is on track to hit a higher target towards 11,400, say experts. India VIX fell by 0.95 percent at 15.63 levels which should comfort bulls. Bank Nifty comparatively remained range bound but managed to extend its gains towards 27,400 zones. It formed a Bullish candle and entering its cruc...

The company posted revenue of Rs 9,558 crore during the quarter under review. It rose 11 percent compared to its previous year revenue of Rs 8,590 crore. Hindustan Unilever  (HUL) reported a growth of 9 percent (year-on-year) in its net profit for the December quarter. Profit was reported at Rs 1,444 crore against Rs 1,326 crore that the company reported last year. The company posted revenue of Rs 9,558 crore during the quarter under review. It rose 11 percent compared to its previous year revenue of Rs 8,590 crore. The FMCG major reported a volume growth of 10 percent, which exceeded Street expectations. According to a poll of analysts by CNBC-TV18, the volume growth was seen at 6-8 percent. Its volumes last year were reported at 11 percent. At an operating level, the EBITDA rose to Rs 2,046 crore, a jump of 22 percent compared to the corresponding quarter’s performance last year at Rs 1,680 crore. Meanwhile, the operating margin stood at 21.4 percent against ...