ETERNAL.NSE News
Indian Markets Rangebound, Nifty Tests 25,600; Wipro, Infosys Lead IT Sell-off
Broader markets were mixed in early trade, with smallcaps outperforming even as IT and media stocks remained under pressure, while autos and FMCG lent support.
Indian Markets Rangebound, Nifty Tests 25,600; Wipro, Infosys Lead IT Sell-off
Broader markets were mixed in early trade, with smallcaps outperforming even as IT and media stocks remained under pressure, while autos and FMCG lent support.
Indian conglomerate Reliance Industries is expected to post its Q2 earnings today.
Management flagged soft discretionary spending and weather-related disruptions as key drags.
Analysts pegged Nifty support at 25,180 and resistance at 25,450.
An analyst identified upside targets at ₹400–₹415, but warned that weak guidance or slower Blinkit growth could trigger a short-term correction.
Market momentum remained positive even as TCS traded subdued ahead of Q2 earnings.
The analyst flagged caution on Sterling & Wilson Solar and Tejas Networks.
The analyst advised caution on Zomato and DLF, recommending investors avoid these counters.
The analyst said founders still own stakes and remain involved, even though they’re now classified as public shareholders.
Hindustan Copper and Paytm show strong charts, while Kalyan Jewellers look weak, according to SEBI analyst Vinay Taparia.