On Thursday, selling pressure was seen in almost all sectors in the Indian stock markets, due to which a decline was recorded. The markets closed at intraday low for the second consecutive day. Midcap and smallcap indices also declined. The Midcap 100 index fell 563 points to 59,474. The smallcap index fell 245 points to close at 18,116. Sensex fell 148 points to close at 83,311. Nifty fell 88 points to close at 25,510. Nifty Bank fell 273 points to close at 57,554. In the currency market, the rupee strengthened by 4 paise and closed at 88.61/dollar.
Today’s loss and profit shares
nifty50 losers
Grasim -6.2%
Hindalco -5%
Adani Entertainment -4.3%
POWERGRID -3.1%
nifty50 losers
Asian Paints 4.6%
Reliance Industries 1.5%
M&M 1%
Indigo 0.9%
Sins
Premier Explosives -7.7%
Garuda Construction -4.7%
Zydus Lifescience -3.3%
Orkla India -1.7%
result stock
Radinton 15%
IGI 9.1%
Delhivery -8.4%
AB Fashion -7%
biggest losers
Fineotex Chemical
Dishman Carbogen-10%
NetWeb Technologies -8.9%
Avalon Tech -8%
top gainer
Websol Energy 10%
Astral Limited 6.4%
Orchid Pharma 5.9%
Gujarat Pipavav 5.5%
After a brief bearishness in the morning, the market witnessed a good rally but later fell from its previous levels. The Sensex was trading at 83,380, down 80 points. Nifty was trading at 25,546, down 60 points.
What is the reason for market weakness?
– Continuous heavy selling by foreign institutional investors (FIIs) is putting pressure on the market.
The strengthening of the dollar index is also negative for the market.
– There is no support for purchasing from retail traders either.
– If the market remains below the support level of 25700, the bullish position is in danger of weakening.
– The market is technically weak after four consecutive days of lower lows and lower highs.
Which levels are important now?
– More weakness will be seen in Nifty 25575, Bank Nifty 57650.
– Next support of Nifty is in the range of 25375-25500.
– The next support of Bank Nifty is 57425, below which the weakness will increase further.
– Only signs of strength will be seen in Nifty 25800, Bank Nifty 58250.
Till then, mid-cap and small-cap stocks are also expected to remain under pressure.
– Dollar strength is putting pressure on metal stocks globally.
stock market turmoil
Paytm:
Shares rose after the results.
Purchasing also increased due to inclusion in MSCI index.
Asian Paints:
Shares rose due to weak crude oil prices and news of Birla Opus CEO stepping down.
– These stocks were mentioned in ‘My New Year Pick’ on January 1 this year.
InterGlobe Aviation:
– Shares rise despite weak results.
– Rise in shares due to shortage of crude oil and rise in the market. strength
– Shares listed in ‘My New Year Pick’ on January 1st of this year
Manappuram Finance:
– Sharp rise in shares today
– Shares listed in ‘My New Year Pick’ on January 1st of this year
Initially, Sensex opened 57 points higher at 83,516. Nifty opened 4 points lower at 25,593. Bank Nifty opened 113 points lower at 57,714. In the currency market, the rupee strengthened by 14 paise to open at 88.52/$. In the morning, the market was supported by buying in stocks like Reliance, SBI, M&M and Asian Paints. Shares like Hindalco, Grasim, Shriram Finance, Eternal and Bajaj Finance were the biggest losers. Trading was taking place in a limited range in the broader market.
