Tuesday Market Commentary & Tomorrow Market Stock Recommendation

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

Wednesday Stock Market Commentary

Wednesday Stock Market Commentary

Indian equity benchmark indices started today session on flat note tracking mixed global cues and continues its volatility and sideways movement from previous 2 days. Market was a bit tricky as there was not such a clear trend in Index from last 3 days as market continually trading sideways. But for traders whole world is situated outside index as we have seen mind blowing movement in Nifty IT, reality sector both ended the session with a gain of 2.24% and 1.26% and single brand retail companies as » Read more

Tuesday Market Commentary By MarketMagnify

Tuesday Market CommentaryIndian equity benchmark indices started today session on slightly positive note tracking positive global cues, Indices were trading in a sideways movement throughout the day. Nifty future was opened gap by 14 points and then traded in narrow range of 40 points throughout the day and closes range bound session at new closing high. Sensex was up 90.40 points at 34443.19 and Nifty future was up 15.50 points at 10646.90. The market breadth was negative on NSE after long time today as 754 shares advanced, against a decline of 1052 shares and 50 shares remained unchanged. » Read more