Sensex finished 36 points or 0.07 percent higher at 50,441, while the Nifty 50 index rose 18 points or 0.12% to 14,956

Spread the News


Sensex finished 36 points or 0.07 percent higher at 50,441, while the Nifty 50 index rose 18 points or 0.12% to 14,956

The Indian equity benchmarks finished Monday’s volatile session down but managed to close higher after falling the previous two sessions. The Sensex reached an intraday high of 15,111.15 and a low of 14,919.90, with the Nifty 50 index touching an intraday high of 15,111.15 and a low of 14,919.90. Losses in HDFC, HDFC Bank, Bajaj Finance, and Hindustan Unilever were offset by gains in Infosys, Larsen & Toubro, Reliance Industries, Axis Bank, and State Bank of India.

The Sensex finished 36 points or 0.07 percent higher at 50,441, while the Nifty 50 index rose 18 points or 0.12% to 14,956.

The market saw an attempt to break above the resistance level of 15,100 on the Nifty 50 Index. However, the market was unable to maintain that level and gave up its early gains, ending the day slightly positive. The market’s projected levels are likely to be between 14,900 and 15,250, and maintaining above 14,900 will be critical for the short-term market scenario. According to Ashis Biswas, head of technical analysis at CapitalVia Global Research, momentum indicators like RSI and MACD will continue to improve in favor of a positive outlook, and traders should see a breakout above 15,250 as an opportunity to create new long positions.

Six of the National Stock Exchange’s 11 sector indices finished higher, led by the Nifty PSU Bank index, which rose 1.6 percent. The media, metal, information technology, and pharmaceutical indices all ended the day with a positive bias. The real estate, FMCG, financial services, and auto indices, on the other hand, all finished lower.

The initial public offering (IPO) of Easy Trip Planners, which opened for subscription at 10:00 a.m. today, was completely subscribed within a few hours of its launch. Retail investors were in high demand for Easy Trip Planners shares, with the section reserved for them being oversubscribed 4.5 times.

UPL was the top gainer on the Nifty, rising 7% to Rs 633. GAIL India, Larsen & Toubro, ONGC, SBI Life, HCL Technologies, Indian Oil, Axis Bank, NTPC, State Bank of India, HDFC Life, Coal India, and Infosys all saw their stock prices rise by 1.5-4.25 percent.

IndusInd Bank, Shree Cements, Bajaj Finance, UltraTech Cement, Bajaj Auto, Bharti Airtel, Hindustan Unilever, Bajaj Finserv, and Titan, on the other hand, all had disappointing results. On the BSE, the overall market breadth was positive, with 1,731 shares ending higher and 1,413 shares ending lower.


Spread the News

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: