The benchmark domestic indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 gained 0.26% to settle at 19,716.45, while the BSE Sensex added over 170 points to 66,118.69. The border indices settled in green, with gains led by Midcaps and Smallcaps stocks. The Bank Nifty index slipped 0.08% to 44,588.30. The other sectoral indices also settled broadly in the green. Pharma, PSU Bank and FMCG stocks led the gains among the other sectoral indices, while Financial Services stocks witnessed a fall.
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#Sensex #Nifty50 #BankNifty
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Disclaimer: The views and investment tips expressed by experts on GoodReturns are their own and not those of the website or its management. GoodReturns advises users to check with certified experts before taking any investment decisions.
#Sensex #Nifty50 #BankNifty
~HT.99~PR.147~
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NewsTranscript
00:00 [Intro Music]
00:05 Today, we saw a negative closing in Nifty.
00:11 The strength is not returning yet.
00:13 The reason behind this is that the RBI policy meeting has started.
00:18 If we look at the outcome, we can expect that there will be a hockey stone here.
00:25 And there can be some liquidity tightening.
00:29 The international reasons are such that the market is still seeing a decline.
00:36 Today, Nifty opened negatively.
00:39 But after that, Nifty made a low of 19,350.
00:43 Most traders were making a sell zone strategy.
00:48 The market gave a recovery at the time of closing.
00:51 But there is no confidence in this recovery.
00:54 Tomorrow is the expiry date. So, the volatility in Nifty can be high.
01:00 If we look at today's closing, Nifty closed at 100 points down.
01:05 Sensex closed at 350 points down near 65,000.
01:11 Bank Nifty closed at 390 points down near 44,000.
01:16 Overall, if we compare the entire pack, only one sector was positive.
01:21 That is the IT sector.
01:24 The rest of the sectors were seeing a decline.
01:27 Especially, Finance, Bank, Realty, Power, PSUs.
01:30 The entire infrastructure segment was also seeing a decline.
01:35 If we look at the top gainers and losers,
01:37 Nestle, HDFC Bank, Hindustan Unilever, Aishan Motor were the counters.
01:42 They closed in the falling market too.
01:45 They were successful in closing at 2% to 1.5%.
01:50 If we look at the losers,
01:52 Axis Bank, SBI, SAIL, IndusInd Bank were seeing a strong decline.
01:57 They were seeing a decline of 4% to 2.5%.
02:01 NTPC Maruti was also seen to be moving ahead in this segment.
02:06 If we look at the future data,
02:08 Y data, especially from the put side,
02:11 Y has increased in the 19,200 strike.
02:16 The call side has shifted to the 19,500 strike.
02:22 We can see a wide range here.
02:25 Nifty is still weak.
02:27 Most of the intraday charts are showing cell signals.
02:30 Whether we look at moving averages, MACD, Williams, or RSI,
02:35 we can see that the indicator is recommending the cell zone.
02:39 If we look at the resistance of Nifty,
02:42 we can see that it is between 19,500 and 550.
02:48 If we talk about support,
02:50 the pullback shows the support of 19,380.
02:55 The second support is 19,300.
03:00 Recovery has been done in the closing session.
03:03 But, Nifty is still down.
03:06 The level of 19,200 can be seen in this segment.
03:11 The selling pressure can be high in tomorrow's session.
03:16 The trend of Nifty's fall will be visible after the expiry.
03:22 If we see a pullback, it won't give much confidence.
03:27 (MUSIC)