Headline index Nifty today formed a long pin bar with higher upper shadow on the daily charts, which was largely negative. Now it has to hold above 18,281 zones, for a bounce towards 18,400 and 18,442 zones while on the downside supports exist at 18,181 and 18,081 zones, said Chandan Taparia of Motilal Oswal.
Bank of India shares rise 2% after LIC raises stake to 8.38%
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September