Sensex News: Understanding Nifty's Downtrend Reversal in Markets News
Sensex and Nifty: Market Movements
Nifty has shown a short-term downtrend reversal, currently resting at crucial resistance levels at 25200. This upward movement hints at potential new all-time highs if sustained. As described by Nagaraj Shetti from HDFC Securities, immediate support is at 24900. Strong attention should be paid to open interest data, which indicates the highest OI at the call side is present at 25100 and 25200 strike prices, while put side OI is highest at 25000, shortly followed by 24900.
IPO and Financial Updates
In markets news, the IPO of Ventive Hospitality, affiliated with Blackstone Group and Panchshil Realty, seeks to raise Rs 2,000 crore entirely through new equity shares while potentially considering a pre-IPO placement of Rs 400 crore. Proceeds focus on debt repayments.
Key Insights into Company Performance
- Oyo's gross booking value stood at Rs 10,700 crore for FY 2024, marking its first-ever profit after tax of Rs 229 crore.
- Godrej Properties successfully raised Rs 64.6 crore via debenture issuance.
Market Outlook Ahead
With U.S. inflation data impacting global investment sentiment and the Indian bond yield stable at 6.85%, these key factors are crucial for investors as the markets orient themselves towards future growth opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.