Along with higher oil prices, the AI trade also appears to be making a comeback after results reported by both SpaceX and Super Micro. The Nasdaq had outperformed on Monday night, and futures today are also trading over 200 points higher. It remains to be seen how IT stocks react to this, after the
Along with higher oil prices, the AI trade also appears to be making a comeback after results reported by both SpaceX and Super Micro. The Nasdaq had outperformed on Monday night, and futures today are also trading over 200 points higher. It remains to be seen how IT stocks react to this, after the profit booking on Monday.
The biggest event of the day though, is the Jio Platforms IPO, the ₹30,213 crore issue which opens for subscription today and is the biggest IPO in the country’s history.
Result reactions also continue with Bajaj Finance, IREDA, and others reacting to their numbers. Eternal, KEI Industries, SRF, are some of the major results today.
22,800 on the downside is key for the Nifty, breaking which, levels of 22,550 – 22,750 open up on the downside. Any recovery may find a hurdle at 23,000. For the Nifty Bank, the range remains between 55,000 – 56,000.
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