Page 44 - Persistent Systems News Today

Top gainers on the Nifty included Power Grid Corporation, Larsen and Toubro, M&M, Cipla and BPCL, while the top losers were Reliance Industries, Hindalco Industries, Adani Enterprises, Nestle India and HCL Technologies

Based on the OI percentage, we have seen a long unwinding in 94 stocks, including GMR Airports Infrastructure, Coforge, Laurus Labs, BHEL, and Astral. A decline in OI and price indicates long unwinding.

Global pet food major Mars Inc has announced an investment of Rs 800 crore to commence its Phase-II expansion in Telangana.

“Paytm and Zomato continue to deliver better than expected numbers and data points. The only thing is having seen a big run-up, it would make more sense to wait for a 10-15% kind of a dip before buying into these. I would be positive on names like Zomato as well as Paytm but would wait for a small dip.”

The Nifty IT index closed 0.64 per cent down at 30914.55.

The Nifty IT index was trading 0.56 per cent up at 31097.3.

The Nifty IT index closed 0.61 per cent up at 31112.15.

A short build-up was seen in 62 stocks, including RBL Bank, Larsen & Toubro, Alkem Laboratories, IDFC First Bank, and LTIMindtree. An increase in OI along with a fall in price points to a build-up of short positions.

The Nifty IT index was trading 0.09 per cent up at 30929.6.

The Nifty IT index closed 0.07 per cent up at 30924.1.