The index has negated its formation of higher high-low after four sessions, said Chandan Taparia of Motilal Oswal Securities, who believes the index has to hold above 17,777 for an up move towards 18,000. Taparia sees support for the index at 17,600.

In December alone, its gross client acquisition jumped 0.46 million, up by 110.4 per cent, the brokerage said on Thursday attributing the introduction of platforms like smart money, instant trade and third-party partnerships for more than doubling its client base.

Sensex tanked 621.31 points or 1.03 per cent to close at 59,601.84

In the international market, gold was trading lower at $1,800 per ounce and silver was flat at $22.34 per ounce.

The Nifty Bank index closed 0.55 per cent down at 37490.25.

Blue Star will not consider price hike till summer season, says B Thiagarajan.

The issue has a base size of Rs 200 crore with an option to retain oversubscription up to Rs 800 crores, aggregating to up to Rs 1,000 crore, the company said in a regulatory filing on Wednesday.

In its one of the worst weekly performances over the recent past, the index not only dropped off the 20-month rising trend line, which began from the lows of March 2020 and joined the subsequent higher bottoms but also marked and confirmed 18,600 as a top for the markets.

We are in a downward trend but a better opportunity to try and short the market would be not when the markets are into an extremely oversold territory but to wait for a bounce like the one that happened in the middle of this week.

This project will reduce carbon dioxide emission by 91,020 tonnes per annum and carbon offsets of around 24,824 tonnes per annum, the public sector unit said in a release on Saturday. The Sambalpur-headquartered MCL has placed an order with a Chennai-based firm, which will establish this green energy project within 10 months.