According to technical analysts, Nifty must stay above 17,000 in the final trading week of the year in order to rise to 17,200 or higher levels. Last week, India's benchmark indices gained 0.2 percent, surpassing markets in China, South Korea, and Singapore. Due to the year-end vacations in global markets, trading volumes will be modest. In the coming week, the Nifty is predicted to find support at 16,800.
The opening rate at the BSE turned into Rs 753 in opposition to an trouble price of Rs 453 in keeping with percentage, and Rs 760 at the National Stock Exchange.
Reliance Industries Ltd (RIL) on Friday said that it had decided with Saudi Aramco to reevaluate the oil massive's proposed roughly $15 billion investment in Reliance's oil-to-chemical substances (O2C) commercial enterprise. The 20 percent stake sale inside the unit turned into announced in 2019 however become delayed as oil costs and call for crashed closing 12 months due to the pandemic.