Live: Can Nifty hold 26,000 as Q3 updates trickle in? | Opening Bell
The Nifty50 extended its losing streak to a third straight session but managed to recover from the day’s lows to close near 26,140, holding on to the crucial 26,100 support. After a weak start and a volatile session marked by a tussle between buyers and sellers, a late rebound helped pare losses. IT, consumer durables and pharma stocks led the gains, while auto, oil & gas and realty stocks remained under pressure. Broader markets outperformed, with midcap and smallcap indices rising around 0.4%, as global cues and upcoming US jobs data stayed in focus. This morning, global cues were largely lower. US markets ended on a weak note, with Dow and S&P 500 retreating from record highs. Meanwhile, Asian markets were mixed this morning. Catch Lovisha Darad in conversation with Chandan Taparia, Senior Vice President, Head – Derivatives & Technical Research, Motilal Oswal and Nitin Bhasin, Head of Institutional Equities, Ambit.