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Live: TCS Vs Infosys: Decoding the Q3 report card; HCL Tech, Wipro earnings today| Nykaa in focus

Nifty 50 managed to defend the 21,600 mark amid rangebound trade even though saw higher high, higher low formation. Hence, broadly, the index is likely to remain rangebound until it trades below 21,725-21,750 levels, with support at 21,500 mark and if it surpasses the said resistance then record high 21,834 can't be ruled out, experts said. On January 11, the BSE Sensex advanced 63.5 points to 71,721, while the Nifty 50 was up 28.5 points at 21,647. India VIX, the fear index, dropped further, by 1.07 percent to 12.77 levels, which made the bulls comfortable. This morning global cues are mixed with Wall Street ending largely flat post hotter than expected December CPI data. Japan’s Nikkei hits a fresh high but the GIFT Nifty indicates a flattish start for the Indian market This morning Infosys & TCS will be in focus post their quarterly numbers. Both the industry leaders signal a better than expected start for the IT sector amid a seasonally weak quarter. HCL Tech and Wipro will be handing in their report cards today. Also among other stocks in focus today are Nykaa & LIC. Catch Nandita Khemka in conversation with Aishvarya Dadheech, Founder & CIO, Fident Asset Management and Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher

first published: Jan 12, 2024 08:40 am