Page 28 - Lt Technology Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.

This week, investors will be focusing on the quarterly results of some major banking and Finance sector companies. Besides the Balance of trade, WPI, and passenger vehicle sales data will also be released

On the weekly options front, the maximum Call OI is placed at 21700 strikes and then towards 22000 strikes while the maximum Put OI is placed at 21000 strikes and then towards 20800 strikes.

IT counters surged up to 14% on a rub-off impact from Infosys and Tata Consultancy Services (TCS) while the Nifty IT index also hit a fresh 52-week high of 36,482.25. In the largecap pack, the top gainer was Infosys which soared 8% to the day's high of Rs 1,613.65 on the NSE. TCS, meanwhile, gained 4.2% to attain the day's high of Rs 3,894. Their smaller peers Cyient and Firstsource Solutions rose 6% and 14%, respectively. Other IT stocks including Mphasis, Coforge, Tech Mahindra, Wipro, LTIMindtree, Persistent Systems, HCL Technologies, and L&T Technology Services (LTTS) were also up.

The Nifty IT index is grappling to overcome the selling pressure emerging around the 36,000 mark. This hurdle must be surpassed to enter the next leg of upside, as per experts.