Titan Company was the top Sensex loser, down over 2 per cent, followed by Tata Steel, ICICI Bank, Axis Bank, ITC, Housing Development Finance Corporation , Bajaj-Auto, M&M, HUL, TCS, Nestle India were top index gainers.
As per the pattern analysis of the charts, so long as NIFTY is above to defend the zone of 17950-18000 it is unlikely to show any major weakness and the dips may keep getting bought.
Nifty may touch the level of 17800 and Sensex may touch the level of 60000 this week.
This may keep the secondary market rather subdued, but sharp reactions to results will lead to volatility in individual stocks.On the flip side, the new Covid variant AY 4.2 has emerged as a new concern.
Nifty has given around 43% returns in Samvat2077 so far, while Midcaps/Smallcapshave outperformed and are up 70%/82% respectively.
Global inflationary environment & average Q2FY22 results along with monthly expiry volatility has led to a 1% cut in both Nifty & Nifty Bank.
Markets quickly extended their losses and are now trading lower, with each market losing more than half a percent in early trade.
The index has a stiff resistance at 18350 and that has been proved a couple of times over the last few sessions.
Paytm’s Rs 18,300-crore IPO — India’s largest to date — will open for subscription on 8 November 2021, at a price band of Rs 2,080-2,150 per share of face value of Rs 1 each.
Nykaa IPO opened for subscription today, with the fashion e-commerce brand looking to raise Rs 5,352 crore in the primary market.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of petrol and diesel were increased by oil marketing companies for the second consecutive day on Thursday.
Since the last few trading sessions, Nifty has been correcting and charts suggest it may continue doing so for the next few sessions.
On the upside, 18,600 will be the level to watch in the coming week.
After opening on a positive note, the market made an attempt to move up gradually in the early-mid part of the session before shifting into a narrow intraday range.
In the overnight trade on Wall Street, the Nasdaq ended little changed on Wednesday.
Ahead of the opening of IPO , shares of the company were commanding a premium of Rs 670 per share in the grey market amid strong interest, said people dealing in unlisted shares.