Stocks such as Infosys, Axis Bank, TCS, L&T, Nestle India, and Wipro were among the top losers on the Sensex, with all 30 Sensex stocks trading in the red. Read on for more - Newsx
Technical analysts and traders closely observed the development, noting that the breach of the 22,600 mark was a confirmation of a significant top formation… - Newsx
The Nifty IT sector emerged as a top gainer, rising by 1.20%, contributing to the overall positive sentiment in the market. Other sectoral indices such as Nifty Bank and Nifty Financial Services were also trading in the green. - Newsx
The market sentiment is influenced by the anticipation of the RBI’s stance on key economic indicators, especially amid global economic uncertainties and domestic inflationary pressures. Analysts suggest that any hints of a shift in the RBI’s policy outlook could impact market trends. - Newsx
Dipan Mehta of Elixir Equities advises remaining invested in quality stocks even if they are overvalued. He highlights the BAT stake sale in ITC and the slow growth in its tobacco and FMCG businesses. He also discusses the preference for large private sector banks and positive outlook on the IT sector.