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Rupak De, Senior Technical Analyst at LKP Securities, said: "Nifty remained volatile during the day before closing on a flat note. On the daily chart, the index has been consolidating for the last few days. However, it has sustained above the crucial moving average on the daily timeframe confirming the uptrend. On the higher end, the index may move towards 17,950. On the lower end, support is visible at 17,650/17,550."
Asian equities defensive after tech selloff on Wall StreetMSCI's broadest index of Asia-Pacific shares outside Japan paused after two straight days of gains.
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… Read MoreStocks in the news: Infosys, Wipro, Adani Enterprises, RCF, Dixon, Route Mobile and Apollo TyresHDFC Bank said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds.
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… Read MoreMFs buy select tech, pharma and auto ancillaryRelatively attractive valuation, improving demand in automotive industry, rising investments in research and development, and increasing deals with top-notch original equipment manufacturers augur well for software company KP… Read MoreNifty 200 momentum beats Nifty, strategy indices on returns chartData show that more often than not, swimming against the tide might yield subpar returns. Historical yields on the momentum index — a gauge that captures the performance of stocks in favour — have generally exceeded those of … Read MoreInfosys aims to double its growth in FY22Infosys, while declaring its Q4 results and revenue growth guidance on Wednesday, also announced a share buyback worth Rs 9,200 crore and a final dividend payout of Rs 15 per share.
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