Nifty scaled fresh highs but saw profit booking. SGX Nifty signals a positive start. Tech View warns of a downward correction. Nagaraj Shetti expects selloff below 23200 levels. Global markets show mixed movements. Oil prices fell. Stocks in F&O ban today include Balrampur Chini Mills, SAIL, and India Cements.
The broader NSE Nifty rose 3 points or 0.01% to end at 22,335, while the BSE benchmark Sensex gained 165 points or 0.22% to settle at 73,668. Among blue-chip stocks, HDFC Bank, TCS, Maruti, Infosys, and Reliance Industries were top gainers, rising up to 2.3%. On the other hand, SBI, JSW Steel, ITC, NTPC, and Tata Motors closed in the red.
Zee Entertainment has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm.
Open interest in Nifty January futures at over Rs 301 billion or 13.9 million shares, is the highest seen since the April derivative series, pointed out analysts. The base with which the new year and the January series begin shows the ultra-bullish sentiment prevailing in the market.