The index remained under pressure for most part of the trading session on Wednesday but D-Street cut losses after Cabinet gave a nod to 100% FDI in single-brand retail, as well as FDI in construction sector under automatic route. Broader market indices underperformed and closed with marginal losses.
On sectoral performance, IT, Realty and Metal indices were among the gainers, while all the other sectoral indices ended on a weak note. The focus now clearly shift to the Q3 earnings season, wherein result outcomes would dictate the trend in the near-term.
Investors are advised to remain long with a strict stop loss below 10,550 while a break below 10500 could swing the trend towards bears.
For more, watch the Markets@Moneycontrol show. Money control Research Analyst Shishir Asthana speaks to Anchal Pathak on the trends to watch out for today.