Stock Market Today: GIFT Nifty on the NSE IX increased by 22.5 points at 19571, indicating that Dalal Street is likely to have a poor start to the week. Ahead of the weekly expiry on Thursday, Nifty ended 141 points lower, forming an evening star candle on the daily chart, which is regarded as a bearish reversal pattern. Nifty is currently showing signs of additional weakness from the current levels, with a bearish candle forming on the daily chart and a double-top formation on the intraday and daily charts. As investors evaluated the most recent round of quarterly company results and projections, Treasury rates continued to rise, and U.S. stocks finished Wednesday’s trading session substantially lower, with the S&P 500 and Nasdaq losing more than 1% apiece.
Rupee falls; Tokyo stocks opened lower
Wednesday saw the rupee close 3 paise down at 83.28 vs the US dollar, tracking negative signals from the country’s equity markets amid rising global crude oil prices. Following losses on Wall Street, Tokyo equities began the day lower on Thursday against the backdrop of continuing hostilities between Israel and Hamas, which has stoked concerns about a potential regional conflagration.
Stock Market Today: Stocks in focus
Infosys
The business and Google Cloud signed an agreement allowing the company to supply enterprise solutions to AI-first businesses.
GPT Infraprojects
The Prayagraj Southern Bypass construction contract in Uttar Pradesh was awarded to the business for a sum of Rs 739 crore.
Wipro
The merger of the five fully owned subsidiaries of the IT major into itself was approved by the board.
Bandhan Bank
With effect from October 20, 2023, Abhijit Ghosh, the head of finance and accounting of the lender, was named the bank’s interim CFO and key managerial personnel.
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