Page 3 - Sameet Chavan News Today

Going by expectations of high volatility, analysts suggest investors to use any rise as an opportunity to go short and refrain from turning aggressive with their bets.

Barring Nifty FMCG index, all other sectors traded in positive territory

Stock-specific action is expected as India Inc begins sharing its report card for Q4 as well as FY 24. TCS will be first off the block, with numbers expected after market hours today

For the Nifty, support is at 22,400. On the higher side, 22,600 can be the immediate resistance, say analysts

The market is concerned about a potential delay in the rate cut and it may remain range-bound in the near term, analysts say

Analysts, however, say the stage is set for the Nifty to march to 23,000 in the coming weeks, as most of the corrective period is over

​Indian markets were trading in the red on Thursday dragged by auto, energy and FMCG stocks. Nifty fell by 130 points to the days low of 22,303.80 after hitting a fresh lifetime high of 22,619, thanks to the surge seen in index heavyweight HDFC Bank.

​Indian headline indices S&P BSE Sensex and Nifty traded lackluster in the early trade amid weak US handover. Nifty fell by over 100 points to hit the days low of 22,346.50 amid selling pressure in banks, auto and FMCG stocks.

Bank Nifty is expected to remain sideways to bullish. Sustained levels in HDFC Bank could trigger short-covering towards the end of the day, potentially leading to a last-hour spike in the index, say experts

Asian markets including that of China, Hong Kong and Taiwan gained up to 1.6 per cent, tracking an overnight rise in US stock indices that settled 0.8-1.2 per cent higher, ahead of Friday's inflation data.