Nifty forms Hammer pattern, may pull back next week; ‘Mom-in-law’ NRN shows old 'sikkas' don’t work at Infy

ET Markets Daily Brief | Fri, Aug 18, 2017 | 06:13 PM IST Follow ET Markets

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Tech view: Nifty50 forms Hammer pattern; may pull back next week A breach above the 9,948 level can be a buy-on-dips opportunity at some point next week. ETMarkets After Hours: Bleeding Infosys loses Rs 22,500 crore in m-cap Sikka's exit came as a major damper for investors and pushed the headline indices to close in the red. Sikka exit no Friday surprise; clear signs it was in the works Co-chair Ravi Venkatesan insisted there was no risk of rolling back the company's strategy.

Interview One to One "I clearly underestimated the central bank's ability to continue to provide liquidity to drive the market."... V Anantha Nageswaran , Vansight

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 0.67 16.33 23.69 18.28 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 1.82 15.42 24.85 18.27 Invesco India Growth Fund Direct-Growth 1.15 16.54 21.35 17.72 SBI Bluechip Direct Plan-Growth 0.51 13.56 16.00 17.49 Mirae Asset India Opportunities Fund Regular- Growth 0.61 15.90 22.77 17.34 FeaturedDSP BlackRock Focus 25 Direct Plan-Growth 0.49 11.64 15.69 16.62 Start SIP

Market Watch 18 Aug | 06:13PM| SENSEX NIFTY USD/INR GOLD 31524.68 ↓-270.78 9837.40 ↓-66.75 64.14 ↓-0.01 29354.00 ↑203.00

Gainers Losers 18 Aug, 2017, 06:13PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Poddar Housing and Development Ltd. 1320.00 20.00 8460 1320.00 1150.00 Wall Street Finance Ltd. 39.30 20.00 241007 39.30 37.50 Inox Wind Ltd. 129.05 19.88 725440 129.15 104.90

Tweet of the day... World's top stock is Indian brokerage with almost 900% gain

FROM THE NEWSPAPER

Vishal Sikka was shackled from Day 1, Infosys turnaround to be hit: D-Street reacts "...It is indeed time for me to leave my current positions as MD and CEO," Sikka said. Ctrl-Alt as Vishal Sikka exits Infosys. Now get ready for Delete Investors are right to be nervous, because leadership has been the company's Achilles' heel. Vishal Sikka pulled Infosys out of rut, stock outshone all peers The former Silicon Valley executive's resignation came ahead of the firm's board meet on Saturday. Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks: Sikka 10 key things Vishal Sikka said in his resignation letter

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