Sensex is now at 17,380, down 110 points from the previous close. Nifty is at 5165, down 26 points. CNX Midcap index is down 0.25% and BSE Smallap index, down 0.27%. Market breadth has turned negative, with 466 advances against 717 declines on the NSE
As long as Adlabs stays above Rs 650, one can expect it to continue to move up, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. But as it approaches Rs 900, it will face stiff resistance and it will take a long time to cross Rs 930, he adds. The stock is currently trading at Rs 762.10, down 1.1% on the BSE
JP Morgan is overweight on BILT and has a target price of Rs 47 on the stock, reports NDTV Profit. It is currently trading at Rs 34.25, up 2.9% on the BSE
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