Persistent Systems Ltd. Share Price

Nifty Outlook for 13-Oct-2026 Looks Bearish

On Monday Nifty opened stronger at 22,593.20, hitting an intraday high of 22,651.10. However, persistent selling pressure and profit booking at higher levels caused a complete intraday reversal. Nifty gave up all early gains to close 0.70% lower at 22,363.35. The Daily MACD Histogram and Hourly MACD Histogram below zero indicates a bearish trend. The Daily RSI 14 below 40 and Hourly RSI 14 also below 40 indicates a bearish trend. Thus the overall trend of Nifty looks bearish, and the sellers are in control over the markets. Sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains above the resistance level. Can Initiate buying only if prices continue to sustain above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 22455 Resistance 2 - 22485 Support 1 - 22215 Support 2 - 22170 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : DRREDDY, BAJAJ AUTO, TMPV.

Closingl: Sensex Sheds 547 Points, Nifty Falls Below 22,350

Sensex Sheds 547 Points, Nifty Falls Below 22,350 as IT, FMCG and Financial Stocks Decline Indian equity markets closed lower on Monday, October 12, extending their downward trend amid broad-based selling pressure. The Sensex tumbled 547 points, while the Nifty 50 ended below the 22,350 mark. Top Nifty Losers: Tech Mahindra, ITC,

Reliance Industries Ltd Long Term Techical Outlook

Reliance Industries Ltd has witnessed a significant deterioration in its long-term technical structure, with the monthly chart indicating a decisive shift from a major bullish trend towards a bearish-to-sideways phase. The stock broke its long-term rising trendline in May 2026, signalling weakening bullish momentum and a loss of structural support. Subsequently, repeated failures near the ₹1,400–₹1,450 resistance zone resulted in lower highs, reflecting persistent selling pressure. The crucial horizontal support zone around ₹1,180–₹1,220 has now witnessed a decisive breakdown, further confirming the deterioration in the stock’s technical outlook. The latest price action indicates that sellers are gaining control, while the stock struggles to sustain buying interest at lower levels. The breakdown of both the rising trendline and the horizontal support zone represents a significant technical setback, increasing the probability of continued weakness over the coming months. Although intermittent pullbacks may emerge after the sharp decline, such recoveries should be treated as corrective rebounds within the broader downtrend rather than evidence of an immediate bullish reversal. The broken ₹1,180–₹1,220 support zone may now act as resistance during recovery attempts, while higher levels could attract fresh selling pressure. Over the coming months, Reliance Industries may witness range-bound consolidation interspersed with volatile corrective rallies. However, the broader technical outlook remains vulnerable to further downside pressure. A sustained recovery above key resistance levels and a meaningful improvement in the monthly price structure would be necessary to signal a trend reversal. Until then, Reliance Industries is likely to remain in a bearish-to-sideways phase, with potential for continued underperformance.

Nifty 50 has been facing sustained selling pressure

Persistent Systems in Total Control of Germany's Nagarro SE

Persistent Systems In a massive structural milestone for the Indian technology sector, Persistent Systems has successfully secured 13.35 lakh shares of the renowned digital engineering firm Nagarro SE. This critical acquisition represents 10.79 percent of Nagarro’s outstanding share capital, completely excluding treasury shares. The transaction was officially finalized during the highly anticipated additional acceptance period of the voluntary public takeover offer, a strategic extension window that ran from September 23 to October 6, 2026. This period gave institutional and retail investors a final opportunity to tender their equities under the unified terms of the buyout. With the conclusion of this acceptance window, the mid-cap IT giant has dramatically consolidated its operational grip. Persistent Systems now commands an aggregate shareholding of 94.04 percent in Nagarro SE, placing it on the absolute threshold of absolute corporate ownership. By comfortably breaching the crucial 90 percent equity mark, the company is now legally positioned to initiate a statutory squeeze-out of the remaining minority shareholders. Industry analysts widely expect this move to culminate in the formal delisting of Nagarro SE from European public bourses, transforming it into a privately held, wholly-owned subsidiary of the Indian multinational parent. This aggressive cross-border expansion significantly elevates Persistent Systems' competitive positioning across continental Europe and North America, where Nagarro maintains an elite enterprise client base.

PRE MARKET--> KNOW THE TODAYS TRIGGERS IN SHORT...

PRE-MARKET: CRUDE OIL EASES, US MARKETS CLOSE GREEN — WILL BANK NIFTY BREAK RESISTANCE? Date: Monday, October 12, 2026 Indian markets are likely to start on a positive note as easing crude oil prices and gains on Wall Street improve global sentiment. However, disappointing market reactions to selected Q2 earnings, persistent foreign fund outflows and elevated crude prices could limit the upside. ---> 1. GLOBAL CUES: POSITIVE, BUT CAUTION REMAINS US Markets Closed in Green Wall Street ended Friday's session higher: S&P 500: +0.6% Dow Jones: +0.8% Nasdaq Composite: +0.6% Crude Oil Prices Ease Brent crude slipped around 1.6% to approximately $103 --->2. Q2 EARNINGS IN FOCUS: DMART & CAN FIN HOMES DMart (Avenue Supermarts) DMart reported consolidated revenue of ₹19,644 crore, up 17.8% year-on-year, while net profit rose approximately 8.5% to ₹743 crore. The concern is that profit growth is lagging revenue growth, with EBITDA margins declining to 7.1% from 7.3% a year ago. Investors will assess whether cost pressures and competition continue to weigh on profitability.