Friday is a new day and the bulls are expected to start with fresh energy. SGX Nifty is indicating a positive start as it was trading up by 10 points at 13,534 levels. However, we believe that consolidation could be the theme of the day with stock-specific movement, as markets in the recent past have run up too much, too fast; so, a healthy consolidation is likely to take place and it may continue its rally post a required consolidation. 

In the coming sessions, we could see a sideways action and during this sideways action, the level of 13,370-13,400 is likely to act as immediate support. On the upside, the level of 13,550 is likely to act as a resistance level.

The promoter plans to sell 2,40,00,000 equity shares of the company with an option to additionally sell 80,00,000 shares. The company has set a floor price of Rs 1,367 per share for the sale.

L&T Technology Services Limited, a leader in global pure-play engineering services, announced on Thursday that it has been selected by a global oil & gas major to be the primary engineering partner.

Equitas Small Finance has launched a three-in-one account (savings+trading+demat), which will be a convenient option for the customers to keep their banking & financial investments under one roof.

The Fund of Funds (FoF) scheme will predominantly invest in the units of ETFs/Index Funds of Nippon India Mutual Fund.

Snapping their gaining streak, the domestic benchmark indices ended Thursday’s trading session in negative territory. Sensex closed down by 143.62 points or by 0.31 per cent at 45,959.88 per cent while Nifty ended at 13,478.30 levels, down by 50.80 points or 0.38 per cent.

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The shares of Maruti Suzuki were trading up by almost 1 per cent as the markets were trading in the red on Thursday after the auto major decided to increase prices across its model range from January 2021.

The market opened in red on December 10, 2020, overall volumes in futures & options currently stand at 3,04,63,383 contracts with a turnover of Rs. 26,16,664.62 crore.