Nifty aims to reverse losses as earnings season approaches
pre-market1 source ↓written by the desknot a recommendation
- on Friday
- 200-point recovery
- support level
- 25,500
- a rise towards
- 25,700
- its IPO subscribed
- 28 times
The Nifty is attempting to recover from two consecutive weekly losses as the earnings season nears its end. After a nearly 200-point recovery on Friday, the index is testing a key support level of 25,500. Sustaining above this could lead to a rise towards 25,700, while the Nifty Bank's 700-point recovery supports this momentum.
The upcoming listing of Lenskart, with its IPO subscribed 28 times, adds to market interest.
Not investment advice. For informational purposes only.