Three Indian corporates recently witnessed high-profile exits. Two from IT companies Infosys and MindTree and another from Domino's Pizza's franchise Jubilant Foodworks.
Dr Reddy's Labs, M&M, ONGC, BHEL and Maruti Suzuki are top gainers while NTPC, Wipro, HDFC, ICICI Bank and Infosys are losers. Jubilant FoodWorks is down 7 percent.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater of FortuneWizard.com shares his trading strategies for the day.
Sudarshan Sukhani, s2analytics.com says market is giving an indication that it is slowly reaching 5780-5800 levels, which will be a reasonable stopping level. He says, “We are bound to see rallies because no market declines in a straight line. So these rallies should be used to build short positions.â€
Jubilant FoodWorks may slip to Rs 900, says Sudarshan Sukhani of s2analytics.com.