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Peak of red tall bar, failure to sustain and presence ofdownward sloping trendline suggests weakness.

“If you want to trade, then index is not the right product for you. If you want to trade on the Nifty, then you have no choice but to go for the Nifty ETF. But for long-term investors who are basically buy-and-hold investors, the index option makes far more sense than the ETF option.”

"The interest rates are better than what we would see for many other instruments in the market but one thing has to be known. The bond is being issued by the Indore Municipal Corporation which has a good credit rating so in that case it is not a cause for concern."

"Nifty is likely to remain in the range 17800- 18200. As of now, there are no triggers to break this range in both directions," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

The Nifty Realty index was trading 1.24 per cent down at 405.85.

Midcap funds saw net inflows of Rs 14,632 crore in the last three quarters, and smallcap funds saw inflows of Rs 15,172 crore. Meanwhile, the net inflows into large cap funds was Rs 6,392 crore in the same period.

The Relative Strength Index of the stock stood at 52.12 on Friday.

Promoters held 43.92 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 13.9 per cent and 2.12 per cent, respectively.

A total of 4,759 shares changed hands on the counter till 10:31AM (IST).

ICICI Direct, in a report said, the IT index is currently on the cusp of breaking above last nine month’s range (31470-26190) signalling extension of the up move.