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Nifty Eyes Fourth Weekly Gain| TCS Turns Ex-Date, Indian Hotels In Focus Amid Taj Data Breach

Indian equity benchmarks are attempting to make a comeback and hold above the 19,850 resistance area. Experts say if the index successfully climbs above this area, then immediate resistance to watch out for will be 19,900-20,000 levels, with support at 19,700-19,500 area. On November 23, BSE Sensex was down 5.4 points at 66,018, while the Nifty50 declined 10 points to 19,802. The index has been in the range of 19,600-19,875 levels for sixth day in a row now. The cooling down volatility supported the market, with the fear index India VIX declining 4.63 percent to 11.32 levels, while the market breadth was in favour of bulls as about 1,146 shares advanced against declining 951 shares on the NSE. This morning global cues are muted in absence of cues from Wall Street which was shut on account of Thanksgiving holiday. The GIFT Nifty is hinting at a mildy higher start. Also among stocks in focus today, we put the spotlight on Cipla after yesterday’s crash, Indian Hotels post the data leak, TCS and Axis Bank. Catch Nandita Khemka in conversation with Raja Venkatraman Co-founder Neo- trader and Market Expert Ajay Bagga.

first published: Nov 24, 2023 08:35 am