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In the international market, gold was trading higher at $1,795 per ounce and silver was flat at $23.20 per ounce.

Analysts said this rally can extend further and the 18,500 level is a possibility. They advised traders to remain cautiously positive.

The Nifty Auto index closed 0.59 per cent down at 11800.3.

On the weekly time frame, Nifty saw a range breakout and has been forming higher lows from the past 11 weeks in a row.

The Nifty Auto index was trading 0.46 per cent down at 11815.25.

“For the technology sector, I would think that a large part of the gains are already in the prices. They will need to do substantially better than what the market is expecting and that is going to be tough.”

The Nifty Realty index was trading 2.0 per cent up at 543.1.

Telos EVM can rescue existing Ethereum DApps (Decentralized Applications) foiled by the massive increases in Ethereum gas fees while allowing developers to deploy their Solidity smart contracts to Telos EVM without code modification.

“Our joint venture with Airtel as an anchor customer is in its final stages. Today we got their approval letter. Hopefully, within a quarter or so, the manufacturing for CP telecom products -- mainly routers, modems, GPONs -- is going to start. ”

Porinju Veliyath has been on a buying spree in the July-September period. The founder of Equity Intelligence, a portfolio management service provider, has picked up fresh stakes in Swelect Energy Systems, Cupid and McDowell Holdings.