The last line of defence for the Nifty is now the 200-Day Moving Average near the 25,100 mark. Tuesday's low of 25,171 will be key to watch.
Nifty Bank, as the benchmark, is running in tandem with the moves there. The Nifty Bank also failed to defend 59,500 on Tuesday, raising concerns.
Earnings reactions today come from AU Small Finance Bank, Persistent Systems, United Spirits, IndiaMART, and others. Bank of India, Anant Raj, Dr. Reddy's, Eternal, HPCL, KEI Industries among others will be reporting results today. Also keep an eye on Baazar Style Retail, Cupid, and Restaurant Brands Asia for the respective fund raising announcements.
Watch this space for all the LIVE market updates, commentary, and earnings reactions.
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