There is a lot of slackness being seen in the market right now. On Thursday, Nifty closed 6 points lower at 24,072, while Sensex closed 1 point higher at 77,186. During intraday trading, Nifty touched a high of 24,186 and a low of 24,050. Today the market continued to trade in the range of 24,000-24,200. The trend of decline in rupee continued and it fell by 11 paise to 96.36 against the dollar. Crude oil prices remained stable around $85.
How was the market’s opening?
Indian markets opened on a positive note on Thursday. Nifty opened 63 points higher at 24,142, while Sensex opened 202 points higher at 77,388. Yesterday Nifty closed at 24,078, up 26 points.
Performance of different indexes:
Nifty Consumer Durables +1.50%
Nifty IT +0.89%
Nifty Auto +0.57%
Nifty Realty -0.80%
Nifty 50 Gainers (1.51%–1.80%)
InterGlobe Aviation
Wipro
HCL Tech
Bajaj Finance
Nifty 50 Losers (-0.84% to -2.6%)
Eicher Motors
SBI Life
BEL
HDFC Bank
Shares in action after the results:
MRPL +9.32%
GNA Axles Ltd +6.79%
Sterling & Wilson -6.84%
ICICI Lombard -10%
These 5 stocks may see a lot of volatility based on news and results; Anil Singhvi recommends ‘buy’.
Heavy fall in Asian markets:
US markets rose for the second consecutive day as the Fed became less likely to raise interest rates after weak inflation data. Asian markets are witnessing huge decline; Korea’s KOSPI fell about 7.5%. Indian market may benefit from sharp fall in semiconductor stocks.
5 important things for the market
Trump says Iran eager for deal; attacks continue
Crude oil steady at $85, one-month high
Asian markets under pressure; KOSPI and Nikkei fell by 7.5%
FIIs sold shares worth ₹735 crore yesterday, while DIIs bought shares worth ₹705 crore.
Nifty stuck in the range of 24,200-24,000; waiting for breakout
