TechnicalView of CapitalHeight: Nifty forms bullish candle, heading towards next criticial resistance of 10,700

The market staged stellar performance on last day of the week as the #Nifty50 from its opening trade remained strong throughout the session and surpassed 10,600 levels intraday Friday. It formed a bullish candle on daily scale.

The spectacular rally in auto, banking & financials, FMCG and metals stocks amid hope of trade negotiations between world’s largest economies US and China boosted #investors sentiment.

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CapitalHeight : PNB posts Q2 loss at Rs 4,532 cr as provisions rise 4-fold, asset quality improves

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PNB’s Q2 loss was much higher compared to analyst expectations. Nomura and #Kotak Securities had expected the same at around Rs 2,400 crore for the quarter.

The bank reported a loss for the third consecutive quarter, taking the total loss to Rs 18,889.3 crore on weaker topline growth coupled with higher slippages and provisions.

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