The Nifty Bank, unlike in the previous session, has suffered at the hands of decline, as the banking index fell over 100 points. The Nifty Bank's outperformance has kept the Nifty afloat.
That level becomes key on the downside now for the index, followed by Tuesday's low of 25,600. The Nifty Bank has managed to close above 59,500, and it remains to be seen whether that is sustained.
Today is a day of capital market earnings, with stocks like Groww, HDFC AMC, the newly listed ICICI Prudential AMC all reporting results. After market closing, tech giant Infosys reports its numbers and all eyes will be on its guidance. Also keep an eye on Tata Elxsi, Kotak Bank and ICICI Lombard.
Watch this space for all the live updates.
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