Mumbai, 19 February (IANS). The Indian domestic benchmark index businessman closed in a limited range on Wednesday on the third day of the week. At the end of the business, a selling was recorded in the IT sector. At the same time, there was a purchase in the PSU bank sector.
The Sensex closed down at 75,939.18 with a margin of 28.21 points or 0.04 percent. It was about 357.8 points more than its intra-day low level 75,581.38. With this, the Sensex touched the intra-day high level 76,338.58.
The Nifty closed at 22,932.90 after a slight fall of 12.40 points or 0.04 percent. The index continued to trade between 23,049.95 and 22,814.85 during the session.
At the end of the business, Nifty Midcap, Nifty Smallcap and Nifty Bank recorded an edge.
The Nifty Bank closed at 49,570.10 after a gain of 482.80 points or 0.98 percent.
The Nifty Midcap 100 index closed at 50,527.25 after climbing 775.80 points or 1.56 percent, while the Nifty Smallcap 100 index closed at 15,525.90 after a gain of 357.45 points or 2.36 percent.
According to the senior technical analyst metaphor of LKP Securities, “Nifty has stepped into a realm, retaining the ups and downs. 22,800 level significant support will remain at the bottom. Until the level of 22,800 is broken, we will No major decline is expected. “
He further stated that a decline below 22,800 can promote a significant improvement. However, until this does, we feel that the market will remain in a limited range. The upper level can act as resistance to 23,000/23,150 Nifty. The breakout above 23,150 can bring an important rally to the market.
On the Bombay Stock Exchange (BSE), 2,810 shares of green mark and 1,147 shares closed in red mark, while there was no change in 117 shares.
The Sensex packs included Zomato, L&T, Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, NTPC, Tata Steel, ITC and HDFC Bank Top Gainers.
At the same time, TCS, Infosys, Hindustan Unilever, Sunpharma, Bharti Airtel and Bajaj Finserv were the top losis.
On the institutional front, after being a pure seller in the last nine sessions, the foreign institutional investor (FII) became a buyer and purchased an equity of Rs 4,786.56 crore on 18 February. Meanwhile, domestic institutional investors (DIIs) continued their purchase for the 10th consecutive session and bought equity of Rs 3,072.19 crore on the same day.
Market experts said, in the last few days, the rupee has seen weakness due to fluctuations in crude oil prices.
Jatin Trivedi of LKP Securities said, “The rupee was trading at Rs 86.81 with a decline of Rs 0.05, as the dollar index remained stable around $ 107, but crude oil prices increased to Rs 72.40 (WTI). gone up.”
He further said, “This week is expected to continue volatility with big events such as Trump’s speech, Fed Meeting Minutes and RBI meeting minutes. The rupee’s trading range is estimated between 86.45-87.15.”
-IANS
SKT/ABM
