On the daily charts, it formed a bearish candle and has been making lower highs and lower lows for the last six sessions. The index has support at 37,300 levels, while resistance is at 38,500 levels.
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks.
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.
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