By Nagaraj Shetti
After showing a sustainable upside bounce from the intraday lows on Tuesday, Nifty shifted into a consolidation movement at the hurdle of 22000 levels on Wednesday and closed the day on a flat note. Nifty opened today with an upside gap of 116 points and slipped into weakness from the highs soon after the opening.
Minor recovery was seen amidst a range movement in the mid part, but upside recovery picked up towards the end. The opening upside gap has been filled completely.
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Read moreStocks in Focus: GIFT Nifty traded up 50 points or 0.25% at 19,767.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 soared 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93.
“Nifty has witnessed a robust upward movement, propelled by a strong global equity market sentiment, particularly following a gap-up opening. On the daily chart, the index has shown significant upward momentum after a consolidation phase, indicating an increase in optimism. The overall trend appears positive, with the index consistently maintaining levels above the critical moving average. Looking ahead, bullish sentiment is likely to…
Read moreShare Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the muted territory. The NSE Nifty 50 ends lower by just 8.70 points or 0.04% to settle at 22,453.30, while the BSE Sensex dropped 110.64 points or 0.15% to 73,903.91. The broader indices ended in mixed territory, with gain led by Small-cap and Mid-cap stocks. Bank Nifty index ended lower by 32.80 points or 0.07% to settle at 47,545.45. Media and Metal stocks outperformed among the other sectoral indices while IT and Financial Services stocks shed.
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Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market should be allowed to play on its own. The statement from the Finance minister comes days after Sebi chairperson Madhabi Puri Buch had said that there are pockets of froth in the small and midcap stocks and the regulator is looking into the same to come out with a possible consultation paper.
Speaking at India Today Conclave, Sitharaman said, “I allow the markets to play on their own…we should leave it to the wisdom of the market because all of us have seen that despite huge fluctuations globally, the Indian market has maintained a certain level of sanity. It hasn’t really gone too v…
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a weak opening. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 41.50 points or 0.19% at 22,112.00 indicating a muted start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Tuesday, the NSE Nifty 50 lost 124.60 points or 0.56% to settle at 22,147.90, while the BSE Sensex dropped 456.10 points or 0.62% to close at 72,943.68.
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Read moreStocks in Focus: GIFT Nifty traded flat at 19,710.5 up merely 0.08%, during Thursday’s early trading session, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. 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.
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