Stock Market News: Trends in the SGX Nifty indicate a cautious opening for the broader index in India with a loss of 2 points on Tuesday in sync with flat trading at Wall Street and mixed cues from Asian peers
Based on the OI percentage, 85 stocks were on the short-covering list on January 9, including Polycab India, Tech Mahindra, Coforge, Reliance Industries, and Persistent Systems
Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23
Read more about Stocks to Watch: Delta Corp, L&T, HCC, Anupam Rasayan, Voda Idea, IT shares on Business Standard. Delta Corp will be in focus ahead of its Q3 earnings, the stock is also in F&O ban. HCC may come under pressure owing to debt default.
The next upside levels on the Nifty to be watched around 18,200-18,350, which could be achieved in one week, however, immediate support is placed at 17,870 levels, says Nagaraj Shetti of HDFC Securities.