The Open Price was -140 points than the closing price of the previous session giving a very bearish start to the day.made a low at 19659 which was a downward shift to the lower base compared to 17-10 and a bearish sign.The Close - High difference was -170 points which is also a bearish sign.The Open Price was -521 points compared to the cloning price of the previous session giving it an extremely bearish start to the day.
Bajaj twins and Banking heavyweights turned negative in an overnight move which may have caught many on the wrong side of the fence. It is interesting to note that a strong profit performance by HDFC Bank has led its stock to behave in such a manner. It appears that either the news did not come in at the right time or the market expected much more from the heavyweight.
Consequential damages led Nifty also on the downside and it suffered even more as Reliance joined the party. However, Nifty ended in somewhat better shape than Bank Nifty. Tomorrow is the weekly expiry of Nifty so 19600-650 levels would be under stress and a close above 19750 may give some hope of revival.Elon Musk's Tesla is set to announce earnings after market closes today Investors are eager to see how the EV maker's price cuts have affected company's earnings Based on how the...Wall Street’s Q3 earnings season kicks into high gear this week. Despite the bleak forecast, there is a select group of companies poised to deliver explosive profit...