After four days of losses, domestic benchmark indices could reverse the trend today and march upwards. US Federal Reserve has maintained its dovish policy stance, helping Wall Street close at record highs. Asian markets were mirroring the move and moving higher on Thursday morning. On the charts, Nifty is near a crucial support zone of 14500-14450 levels, which could push the index higher. There is a possibility of an upside bounce from this cluster support in the next few sessions. The strength of the market during upside bounce could be important to hold on support and show sustainable bounce,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Punjab National Bank: The bank has informed the stock exchanges that it has set-up a wholly-owned subsidiary to undertake the non-financial support services related to the credit card business of the Bank. The Authorised Capital of the Company is Rs 25 crore and the Paid-up Capital is Rs 15 crore.