Indian equity market hit yet another high in Wednesday’s session with the Nifty shutting shop above the 22,750 mark and the Sensex surging 350 points to end above the 75,000 level. If the index sustains above the resistance trendline and decisively surpasses 22,800 mark, then all eyes will be on much-awaited psychological 23,000 mark in the coming sessions, while the 22,600 is expected to be immediate support followed by 22,500 mark, experts said. However, the GIFT Nifty is signalling a gap down start today after US CPI dampened hopes of an early rate cut by the US Federal Reserve. Meanwhile, TCS kicks off the fourth quarter earnings season today. Omkar Tanksale, Senior Research Analyst - IT, Axis Securities shares his expectations from the IT bellwether. Among other stocks to watch would be Dr Reddy’s, Uno Minda and NTPC. Bharti Hexacom is likely to make a strong debut on Dalal Street today with the grey market premium signalling a 15% listing pop. Catch Nandita Khemka decode the cues for trade with market expert Ajay Bagga and Raja Venkatraman, Co-Founder, NeoTrader.
first published: Apr 12, 2024 09:24 am
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