Chennai, Dec 23 | The students of Indian Institute of Technology Madras (IITM), one of the oldest IITs in the country, had got 310 higher placement offers in 2021 as compared to 2020, said a senior official.
The number of campus placement offers from corporates to students for the academic year 2021-22 stands at 1,327 as compared to 1,017 during the previous year, Prof. C.S. Shankar Ram, Advisor (Placement), IIT-Madras told IANS.
According to him, companies involved in core engineering and technology, software, information technology, research and development, analytics and consulting had made the placement offers.
Academic course wise 394 B.Tech. students got the offers followed by dual degree programmes (315), M.Tech (223), M.A. (11), M.Sc (3), M.S.(105) and Ph.D (15).
Ram declined to share the names of the companies — domestic and international- that made the offers. He also declined to share the pay package range offered by the hiring companies saying that it will be released later.
Interestingly, students of other IITs like IIT-Bombay, IIT-Delhi, IIT-Ropar, IIT-Kharagpur have got mega pay offers from domestic and international companies.
The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.
While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.
Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.
Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.
On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.
Source: Choice India