The Indian stock market started completely flat on Tuesday. On the second day of the week, the BSE Sensex opened 73.18 points to 77,384.98 points. At the same time, NSE’s Nifty 50 index opened just 1.95 points to 23,383.55 points. Let us tell you that on Monday, the market started trading in the red mark and closed with a huge decline. Yesterday the BSE Sensex fell 548.39 points to 77,311.80 and the Nifty also fell 178.35 points to close at 23,381.60.
Aditya Gaggar, director of progressive shares, commented on the market. Aditya Gaggar, director of progressive shares, says that the ongoing trade war related to tariffs is negatively impacting the Indian equity markets. The index continued to decline throughout the day after a dull start and finally closed at 23,381.60 with a steep decline of 178.35 points. All areas saw a huge decline. Realty and metal sector declined the most. Selling pressure was particularly high in the broad market. Both midcap and smallcap segments saw a drop of 2.12 percent and 2.11 percent.
What are the consequences of the conversations today? The Nifty does not have a single company results today. The futures will release the results of Berger Points, Birlasoft, NBCC, Vodafone IDEA, IRCTC, Lupin and SAIL from the market. Apart from this, the results of other companies including Astrazneneca Pharma, Bajaj Healthcare, Campus Activor, Devyani International, Eid Parry, Heg, IRCON, Moil will be released from the cash market today.
With a strong recession candlestick, the Nifty decisively broke its major support level of 23,500. Now the next major support for the Nifty is visible at the level of 23,240. At the same time, resistance is visible at 23,465 on the upper side.
The market below the Sensex flat, Nifty 23350, started with a decline. The Sensex is trading at 77,191.85 with a decline of 87.52 points or 0.11 per cent. At the same time, the Nifty is trading at 23,350.05 with a decline of 31.55 points, or 0.13 per cent.
The market is seeing a boom in pre-opening. The market is seeing a boom in pre-opening. The Sensex is trading at 77,340.80 with a gain of 29 points or 0.04 per cent. At the same time, the Nifty is trading at 23,403.70 with a gain of 22.10 points, or 0.09 per cent.
Anuj Singhal, a strategy on the Nifty Bank, said that the Nifty Bank is still protecting 10 and 20 Dema. Make or break zone is at 49,650–49,800. If 49,650 breaks down, the Nifty Bank may be weak. If there is any improvement, the bank will lead the Nifty.
Anuj Singhal, a strategy on the Nifty, said that the first support for Nifty is at 23,250-23,300 while the major support is at 23,000-23,100. The first resistance is at 23,450-23,500 while the major resistance is at 23,550-23,600. First Business – Sell the rally wherever the rally fails. Keep SL 23,550 in sales trade.
LKP Securities Senior Technical Analyst Roopak Dey’s opinion on the market opinion LKP Securities Senior Technical Analyst Roopak Dey says that the headline index continues to fall as it is falling after reaching the bottom top on the daily chart. The perception has become more weak after the Nifty falls below 21 EMA. Apart from this, RSI has also entered the recession crossover. If the Nifty goes below 23,350, the market trend may deteriorate in the short term. If the Nifty goes below 23,350, the decline could be up to 23,000. At the top, resistance is being seen at 23,550 for the Nifty.
Grassim went into losses due to profit, Grassim went into losses due to profit. There is a loss of 169 crores against the profit of 236 crores. However, revenue has increased by 27%. But the margin has had a huge impact. At the same time, the profit of Apollo Hospital has increased by 49 percent and the margin has also improved slightly.
How was the market move on 10 February? On 10 February, the Nifty closed below 23,400. The Indian share index has declined. The Sensex fell at 77,311.80 at 77,311.80 in the trading session and the Nifty fell 178.35 points or 0.76 per cent to close at 23,381.60.
Eicher Motors results were slightly weaker than expected of Eicher Motors, the results of Eicher Motors. Profit has increased by 17%, revenue has increased by 19%. But there was pressure on the margin. At the same time, Escorts Kubota’s profit has increased by eight and a half percent and the margin has softened a slight softening.
India imposes high tariffs on imports: Kevin Hesset, the top economic advisor of US President Trump, has accused India of imposing high tariffs. He says that India’s high tariffs obstruct imports. Many issues will be discussed with Trump during PM Modi’s visit to America. On the other hand, Trump announced a 25% tariff on steel and aluminum imports from all countries.
