Stock markets were in an upbeat mood on Thursday - the day of expiry. The BSE Sensex hit a 61,000-mark for the first time ever, ending the day at 61,305.95, up over 568 points or 0.94 per cent, while the broader market Nifty50 ending at 18,338.55, up by almost 1 per cent or 177 points. On the intraday basis it touched an all-time high of 18,350.75.

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Equity markets were shut on Friday on account of Dussehra. 

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Also Read: HDFC Bank Q2 results: Standalone net profit rises 17.6% to Rs 8,834 cr

HCL Tech Q2FY22 results – The results were lower than street’s expectations. The revenue growth for the reporting quarter was 2.9 per cent up quarter-on-quarter (qoq) as against the expectations of 4-5 per cent.

Also Read: HCL Tech Q2FY22 revenues up 2.9% QoQ vs 4% estimated; PAT up 1.6% 

Nifty50 Support and Resistance – Strong support between 18,100-18,150. It may test levels around 18,500.

Nifty Bank Support and Resistance – Support is between 38,500 and 38,700 while the resistance is around 39,000. Once this level is breached levels around 40,000 could be tested.

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The overall mood of the markets is buoyant and buy on dips is recommended, Singhvi said.