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The coming week is expected to see the levels of 17,750 and 17,800 acting as resistance points. The supports are likely to come in at 17,500 and 17,350 levels. The trading range is likely to get a bit narrower as compared to the previous week.

The auction route will be undertaken mainly to get improved offers so as to prevent the company from going into liquidation since the offers from all four bidders are below the liquidation value, they said. The Reliance Industries-Assets Care & Reconstruction Enterprise (ACRE) team, a Welspun entity, Himatsingka Ventures and GHCL have submitted resolution plans last month.

In the issue, 50% will be reserved for qualified institutional buyers (QIBs). Non-institutional buyers will have 15% of the share issue. The retail portion will get up to 35% of the offer.

The issue - the first IPO in 2022 - received applications for 22.35 crore shares against the 2.87 crore shares on offer.

​​Protection new business premium increased by 26 per cent from ₹1,620 crore in this fiscal so far to ₹2,040 crore.

Kotak Institutional Equities is expecting the lender to report Rs 217.80 crore in losses for the quarter compared with a profit of Rs 225.50 crore in the September quarter and Rs 150.70 crore in the December quarter last year.

The O2C business saw a marked improvement driven by the improving spread of diesel and ATF, expanding the realisation of refineries. The Singapore GRM - a gauge of regional refining margins - rose to $6.1 per barrel in the December quarter, a two-year high.

Investors had lapped up the tech stocks, boosting valuations, on account of record-low yields on bonds. Analysts said compressed bond yields raised the value of future cash flow of these companies.

Experts said corporate earnings for the three months ended December have also failed to provide any reason to cheer. Technology stocks have been the worst performers in the last four sessions of losses.

Jio Platforms Ltd (JPL) posted a 9% rise in net profit from a year ago to ₹3,795 crore, driven by higher data and voice consumption and growing average revenue per user (ARPU). The company, however, lost mobile phone subscribers for the second successive quarter.