PERSISTENT

On the final trading day of the week, Persistent Systems posted a modest recovery, closing at Rs.5,476.50, up 0.44%, despite opening with a gap down of 4.44% and touching an intraday low of Rs.5,210. Open interest surged 10.05% to 66,498 contracts, with futures and options turnover exceeding Rs.1,13,633.31 lakhs in notional value. The stock outperformed its sector, which declined 1.39%, and the Sensex, which fell 1.14%. Delivery volumes increased by 39.66%, indicating stronger investor conviction. However, the stock remained below all major moving averages, maintaining a bearish technical backdrop despite the intraday rebound.