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Milan Vaishnav, Gemstone Equity Research spoke to Money9 on whether a deeper correction is in the offing.
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On the BSE, CarTrade Tech opened for trading at Rs 1,600, at a discount of 1.1% or Rs 18 over its issue price of Rs 1,618 per share
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Fed tapering plans & spread of Delta variant brought Sensex down by 408 points or 0.73% to 55,5,221 while the Nifty 50 index was trading at 16,456.
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Chandan Taparia of Motilal Oswal Financial Services is positive on Bata India with a target price of Rs 1,820.
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Zomato has completed the acquisition of 9.16% shareholding in Grofers India for Rs 518.21 crore
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US Stock markets ended mixed on Thursday as gains in technology shares were countered by selling in cyclical sectors.
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Overhang of rising probability that the US Federal Reserve may soon start withdrawing its liquidity support
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Hang Seng closed 2.13% or 550 points down at 25316.33. Likewise, Nikkei and Shanghai settled 1.10% and 0.57% down at 27281 and 3,465, respectively
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Siddharth Khemka of Motilal Oswal Financial Services spoke to Money9 on what to expect on markets going ahead.
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In the journey of 6,000 points to the 56,000-mark, 25 of 30 Sensex stocks delivered positive returns.