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An uptrend signal is indicated when the RSI value crosses above 50 from below.

Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.

In Q2 FY25, mutual funds adjusted their portfolios, increasing their stakes in several large-cap stocks such as Axis Bank, Adani Ports, and Punjab National Bank, among others. Notable increases include a 1.6% rise in Axis Bank and a 1% hike in Samvardhana Motherson International.

Nifty futures gained 0.17% to 25,126. Options data indicates a broader trading range of 24,600 to 25,500, with immediate resistance at 25,150. Analysts suggest that maintaining below 25,150 could lead to weakness toward 24,850.

Jane Street accused Millennium and former traders of stealing the “immensely valuable” strategy, causing significant losses. But lawyers for the defendants said in a previously sealed motion released Monday in redacted form that Jane Street’s India options team posted record results in the months after the traders left to join Izzy Englander’s hedge fund group.

ET had reported on October 9 that German lender Deutsche Bank had received approval from BaFin to carry on transacting with the Clearing Corporation of India (CCIL) beyond an October 31 deadline. CCIL hosts the platform for trade in Indian government bonds. Among European banks with operations here, Deutsche Bank is a large player in the bond and swap markets as well as a key provider of custodian services for international clients.

CEO K Krithivasan cited “some signs of improvement, most notably in financial services in North America,” acknowledging that the “demand outlook continues to remain cautious”, on an analyst call after earnings were announced. A planned press conference was cancelled due to the death of Ratan Tata.

A gauge of US-listed Chinese companies advanced Thursday, echoing gains in China in the prior session, as investors shifted their focus to a key meeting on fiscal policy this weekend. Hong Kong markets are closed for a holiday on Friday.

Mazagon Dock Shipbuilders announced the receipt of a purchase order from Maharashtra State Power Generation for the supply, installation, and commissioning of an AI-based project.