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Elon Musk, a staunch supporter of Donald Trump, is poised to play a significant role in the newly elected president's administration. Trump has lauded Musk as a "super genius" and "the greatest cutter," hinting at a potential role for him in streamlining government spending and efficiency.
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Niftys short-term trend remains positive, with a strong breakout above the immediate resistance at 24,500 potentially paving the way for a quick move towards the 25,000 mark. Immediate support is positioned at 24,350, according to Nagaraj Shetti of HDFC Securities.
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The retailer says it is restructuring the business amid a challenging market.
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