Indian Equity benchmark indices open gap down today after new Federal Reserve chairman Jerome Powell in his first congressional testimony on Tuesday signaled that Fed could hike interest rate 4 times this year due to which global market is also seem to be trading under pressure on Wednesday trade. After gap down opening of more than 0.50% Indian market traded in range bound sideways movement throughout the day. Stocks seems to be trading under pressure which resulted in only 598 shares advances against 955 shares decline today in NSE and 57 shares remained unchanged today nostro transaction from 5 banks which causes bank Nifty future to fall more than 300 points today. Apart from PSU Banks and IT sector which gained 0.71% and 0.49% rest of the indices ended today session in red in which PVT banks fell most by 1.33% followed by Metal sector which fall by 1.06% today. » Read more
Indian Equity benchmark indices open gap up today on the back of positive global market but Bank Nifty future opens negative today mainly due to yesterday late night PNB informed exchange that the fraud amount in Nirav Modi case could be around 12700 cr and also CBI seeks detail of nostro transaction from 5 banks which causes bank Nifty future to fall more than 300 points today. Indian market was in bearish trend thought the day and also both Nifty and Bank Nifty future didn’t break their respective crucial resistance level of 10640 and 25830. Apart from FMGC and IT sector which gained 0.31% and 0.26% rest of the indices ended today session in red in which PSU banks fell most by 3.49% followed by reality sector which was yesterday biggest gainer fall 1.65% today.
Sensex today close with a loss of 99.36 points at 34346.39, Nifty future with loss of 36.45 points at 10564.00 and Bank nifty future with a loss of 327.55 points at 25411.60. Today Market breadth was negative as 513 shares advances against 1042 shares declines and 55 shares were remains unchanged at NSE. » Read more
Indian Equity benchmark indices started the week on positive note carrying Friday momentum on the back of positive global cues and as we have suggested in our last commentary, benchmark indices today traded in bullish trend thought the day and Nifty future made a high of 10614.70 (we have suggested 10610). Most of the Sectoral indices ended today session with massive gain which includes Reality sector which gained the most today by 3.13% followed by Auto and Media sector which gained by 2.24% and 1.95% and on the losing side IT sector looses the most today by 1.23% followed by PSU Banks which looses by 0.70%. Which help sensex to close with a gain of 303.60 points at 34445.75, Nifty future with gain of 89.55 points at 10594.10 and Bank nifty future with a gain of 332.60 points at 25714.15 » Read more
Finally after 4 days of consolidation and zigzag movements we have witness directional movement in favor of bulls as Indian equity market opens today session on positive note backed by positive global market mainly due to Federal Reserve official eased investors worries that central bank might raise interest rates aggressively this year. All sectoral indices traded in green at the start of market. Both Nifty and Bank nifty future opens just below their respective crucial resistance level which we had mentioned in our previous commentary i.e. 10410 and 25010 and after breakout of their respective resistance level indices traders in bullish trend for rest of the day, which help sensex to close with a gain of 322.65 points at 34142.15, Nifty future with gain of 117.90 points at 10507 and Bank nifty future with a gain of 419.00 points at 25404.70. » Read more
Indian equity market opens today session on negative note following weak global cues backed by a rise in US treasury yield, Indian market was volatile ahead of F&O expiry as today market were traded in zigzag mode for most of the day as similar to last 3 trading session. Once again movement has been witness in the last hour of the day, which help Nifty future to close with marginal loss of 8.40 at 10384.50, Bank Nifty future closes with a again of 24.75 points at 24953.55 and sensex closes with a loss of 25.36 points at 33819.50.Today Market breadth was once again negative as 470 shares advances against 1025 shares declines and 73 shares were remains unchanged at NSE. All indices wew traded mixed today with Nifty IT was once again biggest gainer today by gaining 0.55% followed by reality sector which gained 0.31and on the losing side Nifty Auto losses the most by 0.86% followed by Media sector which looses by 0.83% » Read more
Indian equity market opens today session on positive note tracking positive global cues and traded in zigzag mode for all day. From last 2 trading sessions Benchmark indices has respected their support levels and also bulls are trying to take charge from last 2 trading session. Today after zigzag movement market closes little below from the opening price which resulted in formation of hammer candlestick pattern which is bullish reversal in nature. Today Market breadth was again negative as 585 shares advances against 951 shares declines and 62 shares were remains unchanged. Nifty IT was biggest gainer today by gaining 2.33% followed by PSU Banks which gained 1.09% and on the losing side Nifty Pharma losses the most by 1.97% followed by 1.37%. » Read more
Indian equity market opens today session on flat note tracking negative global cues and traded in range bound for most of the day. We have seen tight fight between bulls and bears but at the end of session Nifty future losses more than 60 points and Bank nifty future losses more than 250 points. Market breadth was negative as 681 shares advances against 824 shares declines and 50 shares were remains unchanged. We have not seen any major loser or gainer in any index as index traded mixed today. Nifty Metal gained most today by 1.10% followed by 0.83% and today PVT banks looses most today by 0.91%. » Read more
PSU Banks is in the limelight from couple of days and most of the market movement is trading around PSU Banks. Today Indian Equity Benchmark indices was in green at pre opening session but after the start Indian market was trading in bearish trend for major part of the day mainly due to most of the banks has reveal exposures in PNB fraud case. Last hour of the day has some relief for the traders as benchmark indices have recovered significantly in the last hour of the day. All sectoral indices today again traded in negative territory with Nifty PSU bank index was again biggest looser among all , falling 2.36 percent in today session which was followed by Nifty Pharma which was down by 1.66% » Read more
Indian Equity benchmark indices open today session on positive note tracking positive global news but failed to carry positive momentum for rest of the day and traded in negative trend throughout the day as Nifty future failed to surpass its crucial level of 10620-10640. Market seems to be under pressure throughout the day as PSU banks index fell by 2.49% as all public sector bank except orient bank ended today session in red. All indices today traded in negative territory with Nifty PSU bank index has taken the biggest hit among all, falling 2.49 percent in today session mainly due to detention of fraud of RS 11400 cr, followed by Nifty Auto which was down by 1.70% » Read more
Indian Equity benchmark indices continued its consolidate phase from yesterday trade as today market was open flat along with Asian shares who were traded mixed today morning. For the major part of the day indices were traded in down trend, and in the later part Indian indices recover its losses before expiry of future and option contract.
The Nifty PSU bank index has taken the biggest hit among all, falling over 5 percent, led by a fall in State Bank of India. The stock is down by more than 5 percent as well, followed by reality sector which was down by 1.76% today. PVT sectors banks were traded in green today indices gain by 1.04% at the end of the day. » Read more
After all hustles in last few trading session, market started today session on flat note due to Asian stocks looses in early trade, today market was trading in narrow range if we particularly talk about index, Individual stocks continued their volatility today as well and offer ample opportunities to buyer and seller both. Bank nifty future continued positive movement supported by PSU Banks which gained 3.49% today followed by IT sector which gained by 1.54%, However market breadth was negative today as only 436 shares advances, 1077 shares declines and 29 shares remain unchanged today on NSE. Today Sensex closed with a gain of 21.66 points at 36161.64, Nifty future closed with a loss of 3.35 at 11082.10 and Bank nifty future closes with a gain of 59.00 points at 27445.00. » Read more