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If Nifty manages to sustain above 18200 levels in the short term, then the downside breakout of the said support that happened on Friday could be considered as a false downside breakout, and such development is likely to have sharp positive implications on the market, said Nagaraj Shetti of HDFC Securities.

The company’s shares got ex-bonus for its bonus share in the 1:1 ratio on December 21, while the record date intimated for the purpose of determining shareholders’ eligibility for the bonus share issue was December 22, 2022.This is the first-ever bonus share issue announced by the company.

Barring any major change in the global macroeconomic and geopolitical set up, the 1-year targets for the benchmark indices indicate a 7-8% upside from the current levels.On Wednesday, Nifty 50 and Sensex ended flat at 18,122.50 points and 60,910.28 points, respectively.

The 30-share Sensex ended 17 points lower at 60,910, while its broader peer, Nifty 50, ended at 18,100.

Overall, given domestic and global fundamental pointers suggests Rupee should sync out its path in line with its peer FX. The risk against the given view could be a spreading of a new covid virus variant (BF.7) or any geopolitical concerns.

The rise in local yields was curbed as oil prices fell, weighed by concerns that rising COVID-19 cases in China will disrupt its economic recovery and fuel demand growth. The benchmark Brent crude contract was down 1.1% at $83.40 per barrel.

The Nifty IT index closed 0.18 per cent down at 28583.45.

“In addition to handling the crisis quite well, India also thrived in this particular situation. As per the anti-fragility concept of Nassim Taleb, when anything or any organisation, country or society, thrive during a period of crisis, they build in anti-fragility which is what India built in as far as 2022 is concerned. ”

Incorporated in 1997, Titagarh Wagons is a smallcap company operating in the engineering sector. It expands its global reach and presence through factories in India and Italy, catering to passenger rolling stock including trains and metros. Its key product range includes electric propulsion equipment such as traction motors and vehicle control systems

Oil refiners in the U.S. on Tuesday were working to resume operations at a dozen facilities knocked offline by freeze weather across much of the country, a recovery that in some cases will stretch into January.