Nifty is currently placed near the strong weekly support of around 16,800 levels, which is an intermediate ascending trend line and also horizontal line support as per change in polarity, analysts said.
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.
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