The Nifty opened near the 23,000 mark (23,195.40), plunging below its November low 23,263, signaling a challenging start to the week. Key macroeconomic data releases, including CPI and WPI inflation figures, along with major quarterly earnings, are set to drive market sentiment in the coming days.
Currently NIFTY – 1.06% lower at 23,183.85
Stocks in Focus Today:
- Avenue Supermarts
- Just Dial
- Adani Wilmar
- Waaree Energies
- Indian Overseas Bank
- Biocon
- Sunteck Realty
- Signature Global
- Interarch Building Projects
Earnings Highlights This Week:
Prominent companies like HCLTech, Reliance Industries, Infosys, Wipro, and Axis Bank are set to release their quarterly earnings, which will be closely monitored by investors for sectoral trends and future outlook.
Market Context:
Last week, the Nifty 50 index ended below its 50-week moving average (WMA) for the first time in 22 months, closing at 23,432, down 2.4% for the week. The 50-WMA stood at 23,660, while the 200-day Simple Moving Average (SMA) was at 23,940, indicating significant bearish pressure in the market.
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