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The Relative Strength Index of the stock stood at 55.07 on Wednesday.

The Nifty Bank index was trading 0.05 per cent down at 51878.3.

LTIMindtree is projected to show strong sequential revenue growth driven by the BFSI vertical and a revival in discretionary spending. Analysts foresee a 3% QoQ rise in constant currency terms for Q2 and expect EBIT margins to improve due to the absence of visa costs.

We cannot predict, at least, let us say, in India, why flows will slow down if at all and that is why people do feel the pressure to continue to participate

Axis Bank is predicted to report an 8% increase in net profit for Q2 FY24, driven by a 10% rise in net interest income and a reduction in slippages on a sequential basis. Loan growth is expected at 11% year-on-year, while slippages are projected to increase by 29% year-on-year.

Shares of Shipping Corporation of India and Great Eastern Shipping Company rose on the BSE amid reports that the Centre may approve the Coastal Shipping Bill 2024. The Bill aims to ease shipping sector rules, promote more ship lines into Indian ports, and enhance coordination between inland waterways and coastal shipping.

The stock quoted a 52-week high price of Rs 142.9 and a 52-week low of Rs 67.34.

The stock of Deepak Nitrite Ltd is on the verge of giving a downward sloping trendline breakout on a daily scale. The stock saw trading volume exceed its 50-day average on Tuesday, signaling strong buying interest ahead of the potential breakout.

Overseas investors have withdrawn over $7 billion from Indian stocks in October, marking the highest outflows since March 2020, as sentiment shifts towards China amid stimulus measures.

Angel One shares rose 5.3% after reporting record Q2FY25 results, with a net profit of Rs 423 crore and 30 lakh new clients, prompting upgraded target prices from brokerages.