The boom in the stock market on the first day of the week came to an end on Tuesday. The markets closed in red mark. The market was seen fluctuating throughout the day. The Sensex fell 308 points to close at 80,710. The Nifty fell 73 points to close at 24,649. Bank Nifty fell 259 points to close at 55,360. The rupee fell 14 paise to close at $ 87.80/.
The Nifty was the biggest disadvantage of Adani Ports -2.4%, Adani Enterprises -1.7%, Infosys -1.5% and Reliance Industries -1.4%. Titan was in the biggest advantage of 1.7%, IndusInd Bank 1.6%, SBI Life 1.5% and Maruti Suzuki 1.1%.
Initially the Sensex opened 72 points to open at 80,946. The Nifty weakened by 2 points to open at 24,720. Bank Nifty fell 74 points to open at 55,545. The rupee opened at $ 87.97/against 87.68. The sectoral index is also seeing a decline. Selling was also seen in auto, IT and pharma sectors. At the same time, the Nifty PSU Bank was seen trading with a slight edge. However, a short time later the Sensex fell more than 300 points.
These are the top gainers of today
Maruti
SBIN
Tatamotors
HCLTech
Axis bank
These are today’s top loser
Adani ports
Infi
reliance
Bell
HDFC Bank
What is the reason for weakness in the market?
– Trump’s threat and pressure made from selling of foreign institutional investors
– Rupee weakness also weakened the sentiment
– More selling in bank Nifty before RBI policy
– The mood of retail investors also deteriorated due to fall in midcap shares
What levels are important right now?
– 24450-24550 is strong support for Nifty
– New weakness only when the Nifty is closed below 24450
– Bulfies will increase if bank Nifty is closed below 55500
– Next support on bank Nifty is near 55000
– The bank will return to the Nifty only when it crosses 56000
– Tomorrow will be directed after RBI policy
US President Donald Trump has threatened to put more tariffs on India on buying cheap oil from Russia. Trump said that if India continues trade with Russia, the US will teach him a lesson from business tariffs. The Government of India has reacted strongly to this. The Ministry of External Affairs made it clear that India takes decisions in its national interest and European countries, including the US, are doing more trade with Russia themselves.
The market move was also affected in the midst of this dispute. The gift Nifty fell 70 points to 24,725. However, there was tremendous speed in the American markets. Dow Jones rose by about 600 points, while Nasdaq rose by 400 points. The reason for this speed was expected to cut interest rates and good corporate results. Dow futures also rose by 100 points, while Japan’s Nikkei index rose to 150 points.
