The Nifty began the day strongly but ended around the day’s bottom in a session that closely mirrored the trading of the previous day. IT equities helped to contain the drop, as TCS kept rising after plunging to a 52-week low.
The index ended its streak of higher highs and higher lows, although successfully defending the crucial 25,000-mark once again. With the announcement of Q2 results by TCS, Tata Elxsi, and GM Breweries today, the earnings season is accelerating. In the main market, Tata Capital’s IPO on Day 3 attracted almost three times as many subscribers as LG Electronics’ offering on Day 2. This morning’s global indications were positive.
US markets ended the night higher, with the S&P 500 earning its ninth day of gains and the NASDAQ reaching an all-time high. Japan led the way in the notable advances made by Asian markets this morning. Listen to Lovisha Darad’s conversation with Chandan Taparia, Senior Vice President, Head-Derivatives & Technical Research, Motilal Oswal, and Sandeep Bagla, CEO of TRUST Mutual Fund.