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The benchmark paper Monday yielded 6.35 per cent, the highest since April 17 last year, show Bloomberg data compiled by ETIG. In the past three trading sessions, the gauge climbed eight basis points, pulling prices down.

The consolidated revenue of HFCL during the second quarter of FY22 increased by 6.42 per cent to Rs 1,122.05 crore from Rs 1,054.32 crore in the year-ago period.

Analysts who look at patterns in price charts say that $60,000 is the next level of resistance, though Bitcoin’s relative strength index above 70 suggests that its now in overbought territory.

Options data presented an interesting picture. While the 18,000 level continued to have the highest accumulation of Call Open Interest, the same level also saw the highest amount of Put writing.

At the company level, these events can be in the form of earnings announcements, product launches etc. People try to anticipate the outcomes of these events and also the impact of the same on stock prices. However, when events unfold as expected i.e. the consensus had predicted the outcome correctly, the market does not behave as anticipated.

Cement maker Grasim Industries, steelmakers JSW Steel and Tata Steel and jewellery maker Titan Company are among the companies that may report a 100-800 per cent surge in Q2 profit, Motilal Oswal Securities said in a note.

Nifty50 formed a bullish candle on the daily timeframe with a long upper shadow, as some profit booking emerged in the concluding hour.

With Alaska’s announcement, the aviation industry in India will see launch of two new airlines next year. Jet Airways, which ceased to operate in April 2019, due to financial crunch had also announced to start operations with new promoters in 2022.

The Dow Jones Industrial Average fell 22.46 points, or 0.06 per cent, at the open to 34,723.79.

In the midst of all the positive factors that favour the defiant bulls, a bigger challenge for them may be emerging from the dollar bulls as the rupee is slowly weakening and staring at a breakdown point.