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The HDFC Bank ADR, the US-listed shares of the bank, tanked 6.7 percent on the NYSE to $61 in the biggest single-day drop since April 2022

The HDFC Bank ADR, the US-listed shares of the bank, tanked 6.7 percent on the NYSE to $61 in the biggest single-day drop since April 2022

National Fertilizers is currently trading above all crucial moving averages, indicating a positive bias. Additionally, momentum indicators suggest a favourable outlook for further upward movement.

Steel Authority of India has seen nice consolidation breakout and formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.

Stocks to watch: Check out the companies making headlines before the opening bell today, on January 17, 2024.

Smallcap World Fund sold Rs 104.06 crore stake in Indigo Paints.

Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain.

While addressing a press conference, Minister for Electronics and Information Technology Rajeev Chandrasekhar also said that the government, in regards to investments in the semiconductor sector, was analysing two fab proposals, four OSAT proposals (OSAT is also known as assembly, testing, marking, and packaging (ATMP) units) and three compound proposals

For Nifty, support is at 21,800 and then 21,500, while resistance is at 22,200. Stock-specific action and sector rotation is likely during consolidation, analysts said

Among sectors, metal and oil gas indices gained nearly a percent each, while power, realty, healthcare and Information technology down 0.5-1.5 percent