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On the upside, some resistance can be seen at 16,800 levels while the near-term support is placed at 16,500, and then towards 16,400 levels, suggest experts. “Traders should look for stock-specific opportunities for the next couple of sessions and be vigilant on the market movement post the event,” Ruchit Jain, Lead Research, 5paisa.com, said.

The stock quoted a 52-week high price of Rs 173.45 and low of Rs 125.2.

A total of 14,385 shares changed hands on the counter till 10:51AM (IST)

Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 23090.31 Crore) operating in Plastics sector.

As of 30-Jun-2022, promoters held 14.72 per cent stake in the company, while FIIs held 23.76 per cent and domestic institutional investors had 28.0 per cent.

On the technical charts, the RSI of the stock stood at 55.33.

A total of 5,838 shares changed hands on the counter till 02:05PM (IST)

Investors are also awaiting a likely 75 basis point Federal Reserve interest rate increase later this week - with markets pricing about a 10% risk of a larger hike, as well as waiting to see whether economic warning signs prompt a shift in rhetoric.

Indian IT firms have been among the biggest beneficiaries of the IT deal consolidations in the last two years. At least half of the top global deals were snagged by Indian IT players.HfS Research’s data shows that Infosys won a $3.2 billion deal from Daimler and a $1.

Stocks that were in focus include Tech Mahindra which was down over 1 per cent ahead of its June quarter results while Reliance Industries fell more than 3 per cent post Q1 results.