Indices: Stock market update: Nifty IT index falls 0.12%
The Nifty IT index closed 0.12 per cent down at 29805.2.
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The Nifty IT index closed 0.12 per cent down at 29805.2.
The stock quoted a 52-week high price of Rs 405.2 and low of Rs 232.05.
As of 31-Mar-2023, promoters held 46.8 per cent stake in the company, while FIIs held 13.32 per cent and domestic institutional investors had 16.96 per cent.
The Nifty Realty index closed 0.56 per cent up at 525.9.
Nifty saw huge short covering of the 19,300 call on Tuesday, which once again caused it to rally. As we get closer to the 19,500 mark on Nifty in the July expiry, expect to see some consolidation on the index. Bank Nifty is slowly seeing short straddles start to be created at the 45,500 mark for the July-end expiry. Taking the premium into account, one should not expect a run-away rally post 45500 in the very near term. It is also healthy if the indices consolidate for some time as this makes it ready for the next leg of either downside or upside depending upon the momentum.