Stocks in news: SBI, M&M, Airtel, Adani Enterprises, Power Grid
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Markets held steady on Monday, with the Nifty closing nearly flat, indicating continued consolidation after a strong October rally. Going ahead, corporate earnings and trade deal developments are likely to guide market direction, in the absence of major triggers. "Technically, Nifty is expected to see further consolidation, with critical support placed around 25,600. Amid this setup, we continue to recommend a selective approach, focusing on sectors showing relative strength, and preferring large-cap and large mid-cap stocks for long trades while maintaining moderate position sizes amid global uncertainty," said Ajit Mishra – SVP, Research, Religare Broking. In today's trade, shares of SBI, M&M, Airtel, Adani Enterprises, Power Grid among others will be in focus due to various news developments and second quarter results. Titan Consumer discretionary major Titan Company reported 59% year-on-year (YoY) growth in its conso...