Nifty in choppy trade as geopolitical tensions weigh
The Statesman|October 17, 2023
After opening with anegative note, the marketslipped into further weaknesssoon after the opening
Nifty in choppy trade as geopolitical tensions weigh

After showing a sustainable intraday upside recovery on Friday, Nifty shifted into a choppy movement for Monday and closed the day lower by 19 points, says Nagaraj Shetti, Technical Research Analyst, HDFC Securitie.

After opening with a negative note, the market slipped into further weakness soon after the opening. It later showed minor upside recovery from the lows, but was not able to sustain the recovery towards the end, he said.

Persistent geopolitical tensions continue to weigh down the sentiment on equity, yet the mid-and small-cap index witnessed bargain hunting ahead of festival-driven demand and optimistic Q2 result, says Vinod Nair, Head of Research at Geojit Financial Services.

If the oil price moves higher in a sustained manner, it may elevate yields and operation cost, potentially straining margins in H2FY24, he said.

As the earnings season gets into full swing, investors will be more inclined to take a bottom-up approach to restructure their portfolios.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE STATESMANView all
The Statesman

Mizoram's new Chief Secretary Khilli Ram Meena takes charge

Senior IAS officer Khilli Ram Meena on Thursday took charge as the new Chief Secretary of Mizoram.

time-read
1 min  |
November 29, 2024
The Statesman

Starving public service will starve our country too

As Bhutan aspires to become a developed nation by 2034, it must confront a critical challenge threatening this ambitious goal: the continuous exodus of qualified and experienced public servants seeking better opportunities abroad.

time-read
2 mins  |
November 29, 2024
The Statesman

Mission mode effort underway for plastic-free Mahakumbh

The 2025 Mahakumbh in Prayagraj will not only be a spiritual and faith-driven event but also a rich cultural and social experience for millions of devotees. Besides, it will be environmentally-friendly.

time-read
1 min  |
November 29, 2024
B2B foodtech fair starts in city
The Statesman

B2B foodtech fair starts in city

The 21st International Foodtech Kolkata 2024, Eastern India's Premier business-to-business (B2B) exhibition for food processing, bakery, mithai & namkeen, dairy, ice-cream and hospitality industry, will be held at the Biswa Bangla Milan Mela Complex in from 29 November to 1 December.

time-read
2 mins  |
November 29, 2024
ISKCON centre in Bangladesh's Shibchar 'forcibly shut down'
The Statesman

ISKCON centre in Bangladesh's Shibchar 'forcibly shut down'

As the news about Chinmoy Krishna's arrest spread on social media, several protests broke out in Chittagong, demanding his immediate release

time-read
2 mins  |
November 29, 2024
He's a huge talent:Oz star Mitchell Starc showers praise on Jaiswal
The Statesman

He's a huge talent:Oz star Mitchell Starc showers praise on Jaiswal

Australia pacer Mitchell Starc praised India's young batting sensation Yashasvi Jaiswal, describing the 22-year-old as a \"huge\" talent in Indian cricket.

time-read
2 mins  |
November 29, 2024
'Auction couldn't have gone much better': Ponting delighted with PBKS squad
The Statesman

'Auction couldn't have gone much better': Ponting delighted with PBKS squad

Delighted at the composition of the new-look Punjab Kings squad after the IPL 2025 mega auction in Jeddah, head coach Ricky Ponting showered praises on the franchise's analysts and scouts for their efforts, saying 'it couldn't have gone much better' on the auction table.

time-read
3 mins  |
November 29, 2024
U-19 Asia Cup: Anticipation builds for India-Pakistan showdown
The Statesman

U-19 Asia Cup: Anticipation builds for India-Pakistan showdown

As the ACC Men's Under-19 Asia Cup 2024 approaches, anticipation builds for what promises to be an exciting showcase of young cricketing talent.

time-read
1 min  |
November 29, 2024
Sri Lanka bundled out for 42 by South Africa, slump to their lowest Test score
The Statesman

Sri Lanka bundled out for 42 by South Africa, slump to their lowest Test score

Sri Lanka have recorded their lowest total in Test cricket after being bowled out for just 42 by South Africa in their ongoing series-opening game at Kingsmead on Thursday.

time-read
1 min  |
November 29, 2024
BGT: McSweeney left overawed by Indian bowling during Test debut
The Statesman

BGT: McSweeney left overawed by Indian bowling during Test debut

Australian opener heaps praise on Indian bowlers after disappointing debut during Perth Test

time-read
2 mins  |
November 29, 2024