Stock Market Live Updates: Nifty faces resistance, HDFC Bank ADRs drop, US stocks open lower

Stock Market Live Updates: Nifty faces resistance, HDFC Bank ADRs drop, US stocks open lower

Nifty faced resistance around the psychological level of 22,000, with the hourly momentum indicator showing a negative crossover. HDFC Bank’s ADRs dropped over 2% after the release of its Q3 results. An American investment firm sold a partial stake in Indigo Paints through the open market. US stocks opened lower as Tesla and Apple weighed, while investors gauged mixed earnings reports from Goldman Sachs and Morgan Stanley. ICICI Securities recorded a 66% YoY jump in profit. Capital Small Finance Bank, Krystal Integrated Services and Vibhor Steel Tubes got approval from Sebi to float IPOs. The Nifty Bank formed a ‘Doji’ candle, indicating a struggle between bulls and bears.

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