News for Birlasoft Limited (BSOFT.NS)

Information Services Group ([url="]ISG[/url]) (Nasdaq: [url="]III[/url]), a leading global technology research and advisory firm, said today it has recognized

Birlasoft achieves CMMI V3.0 Level 5 certification, showcasing commitment to excellence and innovation in digital transformation services.

The Nifty Pharma index was trading 0.57 per cent at 23095.15.

Indian benchmark indices recorded their worst session in over a month, pressured by uncertainty surrounding the US presidential election. The Nifty declined 1.27% to 23,995, and the Sensex dropped 1.18% to 78,782. Analysts suggest that the Nifty might extend its correction towards 23,650, while a decisive move above 24,100 could trigger a rally.

The Nifty Bank index was trading 1.06 per cent at 51127.40.

The Nifty IT index was trading 0.98 per cent at 40039.10.

Hero MotoCorp, BPCL, Bajaj Auto, Sun Pharma and NTPC were among the top losers on NSE.

The Nifty Pharma index was trading 1.07 per cent at 22562.65.

Elgi Rubber Co, Shree Rama Multi, OrientalAromatics, Rainbow Childrens and IRIS Business Services, hit their fresh 52-week highs at 10:08AM.

The Nifty Realty index was trading 2.24 per cent at 986.50.

The Nifty formed a long bearish candle, indicating ongoing pressure. A minor pullback or sideways consolidation may occur in the next one to two days. Support is at 24,100 and 24,000, while immediate resistance is at 24,450–500, with crucial resistance at 24,700–750. Open interest data shows the highest call OI at 24,400 and 24,300, with put OI at 24,200.

Support for Nifty is now seen at 24,950-25,000 and 24,750. On the higher side, immediate resistance is at 25,100 levels and the next resistance zone is at 25,250-275 levels, Tejas Shah of JM Financial & BlinkX.

A decisive move above 25,000 levels could possibly open the next upside resistance of 25,400-25,500 in the near term. Immediate support is at 24,700, said Nagaraj Shetti of HDFC Securities.

Nine stocks including Bandhan Bank, Birlasoft, GNFC, and others are banned from F&O trading on Tuesday. This happens when open interest crosses 95% of market-wide positions limits. The bans will reverse if the open interest falls below 80%. The Indian stock market indexes Sensex and Nifty also ended lower due to multiple factors.

LTIMindtree dreams of breaking into the Indian IT services big league. But consider this: TCS, today, is almost seven times larger; Tech Mahindra, ranked fifth in the pecking order, is 1.5 times its size. LTIMindtree needs to raise its game. Is there a plan?

Derivatives market update for Sept 20: Technically, Nifty has formed a Shooting Star-like pattern on daily scale, signalling exhaustion of buying pressure, said analyst at Asit C. Mehta Investment: F&O insights

Derivatives market update for Sept 19: Options data hint that short term support for Nifty is at 25,250; while upside momentum is expected above 25,500, says Sahaj Agarwal of Kotak Securities.

Derivatives market update for Sept 18: Foreign investors continue to hold bullish bets in Nifty, Bank Nifty; while retail investors have increased short positions. Here's what experts have to say: F&O insights

Derivatives market update for Sept 17: The premium in Nifty Sept futures jumped to 58 pts, and Bank Nifty to 100 pts; whereas, the PCR declined to near 1 levels indicating positive to sideways trend.