Live: Relief Rally To Light Up Dalal Street Ahead Of Diwali? Airtel, Maruti In Focus| Opening Bell
Indian equity markets snaped a five-day losing streak and ended on a strong note on October 28, with the Nifty inching closer to 24,500, intraday, amid buying across sectors especially banking and metal stocks. At close, the Sensex was up over 600 points at 80,005.04, and the Nifty was up over 150 points to end above 24,300.
Despite mixed global cues, the Indian indices opened on a positive note and extended the gains during the day however, profit booking at higher levels erased some of the intraday gains. Will the bulls face resistance at 24,500 mark? Among stocks to watch Federal Bank and Bharti Airtel will react to earnings and Maruti, Cipla, Adani Ports, Adani Enterprises are among the companies to report earnings today. Meanwhile, Swiggy is likely to kick off its $1.35 bn next week and has set its IPO price at Rs 390 at the upper end. Catch Nandita Khemka in conversation with Feroze Azeez, Deputy CEO, Anand Rathi Wealth and Ruchit Jain, Lead Research Analyst at 5Paisa.