The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...
Days ahead of the Aam Aadmi Party's mega political conclave in Assam's Guwahati, Chief Minister Himanta Biswa Sarma has hit out at his Delhi counterpart Arvind Kejriwal. Mr Sarma has challenged Mr Kejriwal to come to Assam and say what he said in the Delhi assembly recently. Mr Kejriwal had reportedly said in the Delhi assembly that there are cases filed against Mr Sarma in other states. "Arvind Kejriwal is a coward who is hiding behind the veil of immunity in Delhi assembly and uttering white lies," Mr Sarma told reporters. "Let him say there's a corruption case pending against me outside the assembly premises and I will sue him in the same manner I did with his colleague Manish Sisodia," the Assam Chief Minister told reporters in Guwahati. Mr Kejriwal along with his Punjab counterpart Bhagwant Mann is scheduled to attend their first political rally in Assam on April 2. "It's not important where Arvind Kejriwal has said, important is that...