![]() Copyright 2019© FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. We advise investors to check with certified experts before taking any investment decisions.Stocks: Real-time U.S. These do not represent the views of Mint. In terms of levels, 18,530 – 18,500 shall act as a crucial support zone while 18,778 – 18,800 shall act as an immediate hurdle zone," said Gedia.ĭisclaimer: The views and recommendations given in this article are those of individual analysts. Thus, both price and momentum indicators is suggesting that there could be a consolidation in the near term and the overall uptrend is still intact. "The Bollinger bands are contracting indicating that there can be a consolidation. The hourly momentum indicator has triggered a fresh positive crossover, however, the daily momentum indicator has a negative crossover and thus provides divergent signals. Nifty has managed to hold on above the 18,530 level below which the uptrend is likely to change. Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas observed that on the daily charts, the Nifty has closed in the green after falling for two consecutive days. Below the same, the index could slip to 18,500-18,450," said Shrikant Chouhan, Head of Research (Retail) at Kotak Securities. On the other hand, a fresh sell-off is possible only after the dismissal of 18,550. For traders, 18,550 would be the immediate support level, above which the index could move up to 18,650-18,700. "The Nifty hovered between 18,560 to 18,630, and the narrow range activity clearly indicates indecisiveness between the bulls and bears. The market anticipates ECB to increase its rates further while the recessionary risk is rising," said Vinod Nair, Head of Research at Geojit Financial Services. Other major events on the centre stage are domestic IIP, WPI inflation, and policy announcements from ECB. However, the expectations are optimistic, like the Indian CPI data is forecasted to moderate and the Fed and Bank of Japan are expected to maintain their policy rates. "The domestic indices are moving with caution as investors step up to a data-loaded week both in the domestic and global markets. On the flip side, Nifty Bank (down 0.10 per cent), Financial Services (down 0.06 per cent), Pharma (down 0.04 per cent), Private Bank (down 0.03 per cent) and Healthcare (down 0.02 per cent) ended lacklustre. Nifty Oil & Gas (up 0.85 per cent) and Metal (up 0.61 per cent) rose over half a per cent. Most sectoral indices ended with gains, with Nifty IT (up 1.51 per cent), Realty (up 1.41 per cent) and Media (up 1.13 per cent) rising over a per cent each. Read more: Top gainers, losers today: HCL Tech, Infosys, NTPC check full list here On the other hand, Power Grid (down 1.29 per cent), Larsen & Toubro (down 0.97 per cent) and Cipla (down 0.90 per cent) ended as the top losers in the Nifty index. The Indian rupee, on the other hand, gained three paise to close at 82.43 per dollar.Īs many as 37 stocks ended in the green in the Nifty50 index, with BPCL (up 3.32 per cent), HCL Tech (up 2.53 per cent) and Infosys (up 2.11 per cent) as the top gainers. Brent Crude traded over two per cent lower near the $73 per barrel mark. Besides, apprehensions regarding China's fuel demand and the increasing supply of crude oil from Russia also exerted downward pressure on the oil market. Meanwhile, crude oil prices fell significantly ahead of the US Federal Reserve meeting. The overall market capitalisation of BSE-listed firms rose to ₹288 lakh crore from ₹286.7 lakh crore in the previous session, making investors richer by ₹1.3 lakh crore in a single session.īEL, Indian Oil Corporation, NTPC, Tata Motors - DVR, Hindustan Aeronautics, TVS Motor Company and Astral were among the 245 stocks that hit their fresh 52-week highs in intraday trade on BSE. The BSE Midcap index rose 0.54 per cent while the Smallcap index clocked a gain of 0.72 per cent. Mid and smallcaps outperformed the benchmarks.
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