Volatility prevailed as investors rushed to square off their positions ahead of the monthly F&O expiry due by the end of the session.
So my sense is basically the leaders in their respective segments will continue to grow at a much faster pace and a lot of revenue models over a period of time will emerge.
“The Street, at this point in time, is still grappling with how to kind of give value to those kinds of business models.
Unless 17,300 gets taken out on a closing basis, the Nifty is expected to take a dip in order to fill up a recent gap area of 17,161-17,112 with the potential to test 17,000 on the downside,” he said.
We suspect the benchmark Nifty can extend its annual Santa Claus rally only if investors can shrug off Omicron as barely more than a blip on the radar,” he said.
Ajit Mishra, VP-Research at Religare Broking, said volatility and choppiness are likely to remain high in the coming session.
“Besides, updates with regards to the rise in Omicron cases in domestic as well as global markets will be a key monitorable.
We have seen in past that whenever the dollar strengthens, in the last 10 years, largely, you will see that metals kind of keep on underperforming this whole appreciation.
“There may be some situations of irregularity, which probably has forced RBI to put strict monitoring onto the bank, and put in the director and take necessary action.
“At this point of time, without clarity, if one wants to buy into the bank, it will be a little longish waiting period as I see it.
Mayuresh Joshi of William O’Neil believes that a large part of the overhang in IndiGo will be behind once the internal feud, as far as the promoters are concerned, gets resolved.
“I think in the last quarter or two, with restrictions getting lifted off and capacities running at 90-100 odd percent, life retuned to the airline.
Dhiraj Relli, MD and CEO at HDFC Securities, said the transition to 2022 will see a more normal monetary policy, and investors could do well to expect more moderate returns from financial markets.
“After a super show in 2021, valuation levels in Indian equities could make most people cautious on India within emerging markets and Asia.
Manish Hathiramani, Proprietary Index Trader and Technical Analyst at Deen Dayal Investments, believes the Nifty50 is in a make-or-break situation as it has failed to close above the 17,250-17,300 zone.
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Equity benchmarks Sensex and Nifty50 have broken a series of records in a liquidity-driven run, creating a slew of wealth makers for investors.
The rupee appreciated by 15 paise to 74.56 against the US dollar in opening trade on Thursday, tracking gains in domestic equity markets.
Deep Industries jumps 7 percent after the company received a letter of award from GSPC LNG for the hiring of gas compression services at GSPC LNG Terminal, Mundra, Gujarat, for five years.
Tech Mahindra stock rallied to a fresh 52-week high of Rs 1,825.65 on Thursday on the BSE.
GAIL’s 70-75 percent revenue comes from gas marketing, and the remaining from transmission and other hydrocarbon businesses.
CNBC-TV18 got Krishnan Sitaraman, Senior Director and Deputy Chief Ratings Officer at CRISIL Ratings, and Krishnan ASV, Lead Analyst at HDFC Securities, to share their views.
The Group of Ministers is likely to get a 2-3 month extension by the Council, sources told CNBC-TV18.