Check out Today’s Market Update here. Know what happened in the market the whole day & whether market was impacted by bulls or bears. Check out this section post daily closing bell.
Market Wrap Up Today- (Dated: 4th September 2020)
The market closed today below 11,350 levels with major selling pressure seen in metal and banking scripts.
Sensex closed at 38,356 and Nifty at 11,333 levels which was 1.63% and 1.68% down from its previous close respectively.
BSE smallcap and micap that rallied for the entire August month ended low along with other sectorial indices as well.
The 11,300 levels of the market continue to pull a bull trend for the market. However, if it stoops lower on Monday’s trading session then a bear face might come into existence. But, if it gets past 11,600 in the coming sessions then it can suffice upward momentum thereof.
The week ended with both Nifty and Sensex down by 2%.
More Updates on Closing Bell
Last week rupee appreciated 3% against dollar and is expected to appreciate even higher in the days to come.
Force Motors announced its increasing sales for the month of August.
The banking sector that was showing an upside for the past trading sessions is expected to be volatile as further correction is expected.
The market although making its way through the geo-political tension seems to be affecting sectorial indices but stock specific trading has been moving well with very good gain margins in investor’s portfolio.
The market had a volatile session today with a major half of selling seen in large volume which signifies investor’s negative sentiments about the ongoing global cues.
The market correction is a clear indication for investors to stay cautious with their portfolio handling.
We hope you take into consideration all the facts on the market updates today to make a next move on your portfolio.
(Source: Money Control)
Closing Bell Today- (Dated: 3rd September 2020)
Nifty opened positive today, however moved on a consolidated basis for the entire trading session. The candle formed as per today’s trading session was a small bearish one.
The immediate support is at 11,400 levels and upside it around 11,550. The session was volatile but majorly leaving strong portfolio’s unchanged.
Global markets traded on a positive note. The re-opening of the economy is slowly and steadily impacting industries which in turn is leading the market to lag.
The markets upside will show a good rally if it surpasses the crucial resistance at 11,400.
Today’s session was led by large buying in IT, pharma, FMCG and auto. Tension was seen in bank and metal scripts.
More Updates on Closing Bell
Tata Motors posted updates on is sales whose figures seem to be equally the same on a year on year basis including both domestic and international market.
Coal India reported a year on year de-growth of 25% with a decrease in revenues and its EBIDTA margin.
The next move in the market should be to book profits at current levels than wait for a further dip or correction. A further dip can be used to average scripts instead.
The market sentiments are still low as there is no news for how the further revival of the market will move ahead. Moreover, the India China tension continues to increasing with every passing day.
The government however is taking steps to ban products and applications associated to Chinese businesses which is a great move by the government towards a more self-dependent country.
With the current market situation and keeping in mind the global cues, traders should focuses more on stocks and less on sectors performance. Selecting scripts that are doing well and have fundamental backing should be ones prime goal.
(Source: Money Control)
Closing Bell- (Dated: 31st August 2020)
The market closed on a low today. At close, Sensex ended 839 points low and Nifty ended 284 points low which lead them to close at 38,628 and 11,363 levels respectively.
The market moved with regard to the global forces and specifically was impacted by the tension between India-China border.
Sector wise as well there was major downfall in today’s session. Metal and Pharma fell 4% whereas midcaps tumbled 3%.
The changes in margin system and pledging re-pledging of trades can cause major changes in the volumes in the market from now onwards.
Sectors that saw heavy selling were healthcare, reality, power and utilities.
The new resistance levels of Nifty is set at today’s high ad its support is at around 11,200- 11,300 levels.
More Updates on Closing Bell
Traders are perplexed about how the new security system would be placed, causing a drop in F&O segment on 1st September. Due to this the short term trend of the market has also reversed.
The profit booking was also impacted due to the policy changes that are going to be implemented from tomorrow that is 1st September with respect to GDP.
The technical chart mildly shows higher high and lows on daily chart which suggest a short term reversal.
This could also be a correction in the market, but precisely that could be known only after a few more trading session that is if the market continues to move with this downward trend.
With the building tension on global cues and measures taken by the government to change policies, a minor wrong step in the market could break an investor’s portfolio.
Experts suggest to carefully watch out for one’s portfolio and take action pertaining to the market conditions.
(Source: Money Control)
Closing Bell Today- (Dated: 28th August 2020)
The market closed on a positive end again today with impressive gains that clearly reflects on investor’s portfolio. The rally was pushed mainly due to banking and financial stocks.
Sensex closed 353.84 points up at 39,467 and Nifty at 88.30 points up at 11,647 levels.
Nifty’s new high for the day was at 11,686 and it managed to close somewhere close to that level as well.
The gainers for the day were mainly from the banking sector namely IndusInd Bank, Axis Bank and ICICI Bank.
BSE midcap and small cap showed progressive performance and added half a percent at its close. The most rallied sector for the day was banking sector that jumped 4%.
More Updates on Closing Bell
Nifty Auto and Metal index was the one that ended in red. The further market view continues to remain bullish
Nifty although closed positive for the entire weeks session, it is noted that on a broader arena the trades were range bound.
As per the weekly chart, the near resistance was at 11,500 levels which Nifty managed to break and closed above. Investors are looking to see if the market crosses its next crucial resistance point of 11,800 in near term or not.
Today ICICI bank jumped 5%, while ICICI securities plunged 2% after the former sold 2% of its stake to the latter.
Since the market will trade above its near term breakout it is important to stay cautious in the coming trading sessions as correction in the market can allow it to test its low of 11,200 as well.
At the current situation, booking profits in scripts is a wise option to choose as these levels would suffice gains only if buying was undertaken at lower levels. Moreover, with a long term perspective one must avoid buying at higher market index.
(Source: Money Control)
Market Wrap Up (Dated: 27th August 2020)
Market benchmark ended in green again today that is for the fifth consecutive day of the market closing on a positive note.
The positive and strong opening sufficed for quite some time, however after large buying that was seen it somehow managed to close on a positive note.
Sensex closed 40 points up and Nifty 10 points up and ended at 39,113 and 11,559 respectively.
BSE smallcap ended 0.35% higher and midcap index ended flat.
Market support remains at 11,200-11,300 levels and its crucial resistance at 11,700. Correction can be expected with higher indices.
More Updates on Market Wrap up
Although the market ended positive, Telecom, FMCG and Utilities were unable to end in green. However, BSE Realty did exceptional well and closed at a high of 6.63%.
The market did trade above 11,600 levels but not for a very long time. The gains that were seen initially were drawn back by the second half of the session.
Global Cues were also slightly on a negative side as investors await the policy statement by the US Feb Reserve Chairman and the trade tension that is on-going between US and China.
Considering that today was expiry for F&O, the market was expected to be volatile, however that can be concluded only by analyzing if the market can sustain above 11,600 levels in the next session. In this case the next month’s expiry is expected to be at 11,700- 11,800 levels.
These were information on market wrap up today. Investors are happy with the market performance so far this week and are anticipating to see if the market can sustain this positive trend for the last day of the week as well.
(Source: Money Control)
Market Wrap up Today (Dated: 26th August 2020)
The market session was range bound today with heavy buying seen in the last hour which encouraged the market to close on a higher end that is above 11,500.
Sensex closed 230 points up and Nifty closed 11 points up that is a good sign indicating positive market sentiments. At close Sensex was at 39,073 levels and Nifty at 11,551.
1528 shares increased, 1105 decreased and 124 remained the same after today’s session.
BSE midcaps and smallcaps ended green for another session. Investors are very glad to see the performance of the same.
The market support is now at 11,200 levels and upside at 11,600. Although expecting that it would surpass this level, it was range bound for the entire session.
Auto, bank and metal witnessed buying today. Gold prices have also continued to see a fall.
More Updates on Market Wrap Up
Today’s session saw a rally in auto stocks encouraged by Tata Motors and Hero Motocop. The auto sector performance was mainly due to the expectation of lower GST rates in the future.
Investor’s hopes on the COVID 19 vaccines continue to remain intact however with no progress seen in the last few days, a dragging effect is seen in the market. The US and China trade sentiment also continue to remain the same.
Although F&O expires tomorrow, this month saw less market volatility than expected considering tomorrow to be the last Thursday where action on expiries are undertaken.
The overall gist calls for positive movement of Nifty and exceptional performance of BSE midcaps and smallcaps. Good rally in large caps which is sector bound mainly focusing on the financial and banking sector is also seen.
Coming sessions may face volatility but fundamentally strong scripts are expected to perform well likewise.
(Source: Money Control)
Closing Bell Today (Dated: 25th August 2020)
Nifty closed 5.8 percent up today and ended at 11,472. Today’s market session was range bound and the market was seen trading nearly around the same level for most of the session.
Although nifty closed flat today, bank and auto ended in green. Rest all the other sectors ended in red.
BSE Midcap and Smallcap, that have been performing exceptionally well this month ended with marginal gains as well. They contributed an addition of 0.5% each to their already growing index.
The gaining sector for the day were auto and consumer durables whereas losing sectors were IT and capital goods.
The long term view on the market is positive, however buying in dips would be suggested.
As per the market performance, the support lies around 11,200 levels and the upside at 11,550. The next resistance is at 11,750, the level that investors are eagerly anticipating to see the market at.
More Updates on Closing Bell
Tata Motors increased 4% in today’s session. But, blue chips suffered.
Banking scripts are slowly seeing revival and we expect a good upside in coming months.
P&G gave out an increase in its year on year net profit by 13% alongside increase in EBITDA of the company as well.
Analysts believed that the markets firm opening would lead to a good trading session. But the positive global cues did nothing but lead to more profit booking.
As discussed earlier, the market is now responding mainly to global cues. Today’s positive news of the US China deal commitment and the progress in the COVID 19 vaccine lead the market to stay stagnant for most of the session.
The current market scenario calls for cautious measures that must be taken by investors. A reversal in the technical chart always signifies booking profit in the same and then re-buying at lower levels.
(Source: Money control)
Closing Bell Today (Dated: 24th August 2020)
The market closed on a higher note for the second consecutive day. Nifty ended above 11,450 levels which signifies a good sign to investors.
Sensex closed 364.36 points up and Nifty ended 94.90 points up at 38,799 and 11,466 respectively. Today’s session caused about 1500 shares to increase, 1109 shares to decrease and 136 shares remained unchanged.
BSE Midcap ended 0.4% positive and smallcap 1.6% positive. The major sector that helped the market cross 11,400 levels were the banking scripts.
The top performing sector for the day was bank followed by auto, FMCG and metal. The sector that ended in negative are IT and pharma.
The market force was led by the positive global cues that caused it to have strong opening and helped it to end on a positive note.
The market seemed to be more inclined towards the unlock measures of the government and ignored the fact about the rising virus cases in the country.
More information on Closing Bell
Experts believe that the market may test 11,600 levels soon. The support remains at 11,100 levels. Market touching the support would only mean correction and profit booking in scripts.
Investors were glad to see the rise in banking scripts and the great prices touched by private banks.
Further correction may be expected in coming times. However, investors must always take the opportunity to buy strong stocks in dips.
With no major changes in the economy presently the market will continue to move as per the global cues and changes in the country’ situation pertaining to Covid-19.
The long term market view continues to remain positive however the rising market is more the reason for investors to stay cautious with their portfolio.
(Source: Money Control)
Market Wrap Up- (Dated: 21st August 2020)
Sensex increased 200 points today and closed at 38,434 levels and Nifty ended above 11,350.
Although the market opened at a positive note today amid the volatility, it was supported by positive global cues and ended higher than yesterday.
Investors were glad to see half a percent increase in Nifty and Sensex and a 1.41% increase in BSE Smallcap today.
All the sectors ended in green apart from Nifty metal, IT and media. And 1% gain was seen in Nifty Bank, PSU bank and private bank.
The support for Nifty remains at 11,100 levels and its upside at 11,500. Market can also expect to see correction at higher levels. Buying at dips can be a good market movement when market correction would be seen.
The entire week had a good rally in midcaps and smallcaps with today a minor profit booking seen as well.
More information on Market Wrap Up
Amber Enterprises gave out its future prospects and aims at a 500 crore target till September.
USD-INR are also seen giving out a range bound movement.
The public sees hope from the government with regard to businesses with the continuation of the unlock phases trying to cope with the COVID 19 pandemic.
Another factor that lead to the market increase about a percent this week is the remarks from central bank and the statement by the US Fed.
These were the market updates for today. The week ended on a positive note with good sign on investor’s portfolio. However, as the market has been totally leaning towards global cues it cannot be predicted how next week sessions will follow as it depends on changes in the economy of the world.
(Source: Money control)
Closing Bell- (Dated: 20th August 2020)
Sensex and Nifty both closed at a low today. Sensex was 394 points down at its closing and Nifty was 96 point down. Which means, Sensex closed at 38,220 and Nifty at 11,312 zone.
BSE Midcap and Small cap experienced a rise of 0.87% and 0.72% respectively. BSE Power Utilities closed 4% higher. Decrease was seen in bank, energy and telecom.
On a wider note, there is still positivity on a long term horizon expected from the market.
The support remains at 11,100 levels and upside around 11,500. Investors are eager and wish to see Nifty cross these zone with the hope that a good rally would lead it to touch around 11,700 levels which will call for good gains to investor’s portfolio.
Nifty media did well in today’s session led by Inox leisure and Sun Tv. It saw an increase of 3% whereas Nifty metal increased 1%.
More Updates on Closing Bell
The market has been totally reacting to the global cues and with nothing new today the market saw a fall with a low margin. This led to losses to many investors and brought negativity in the market. It is important to stay cautious as this fall can lead to further downside too.
Another reason for negative impact was due to the US Fed Statement on the stagnant growth and drastic hit to the economy due to the COVID19 pandemic.
These were the market wrap up for today that suggest the market volatility seen during times of rising market conditions. Investors should always stay focused when working with the stock market and be updated with all the global cues that can impact stocks and their portfolio.
(Source: Money Control, CNBC TV18)
Market Wrap Up on 19th August 2020
The market saw profit booking in the last hour today, however todays trade lead to market gains mainly due to banking and financial stocks.
Sensex closed at 86.47 points and Nifty at 23 points up that means they closed at 38,614.79 and 11,408.40 respectively.
The market broke its previous resistance of 11,350- 11,370 and closed above 11,400 levels. Nifty support is now at 11,000.
The index has the potential to cross 11,500 levels and surpass 11,700 as well. Investors should consider this as a good opportunity to buy in dips and average scripts in their portfolio.
Despite of decline of profit reflected in Zee’s results the script jumped 14% today.
More details on Market Wrap Up Today
Buying was seen in banking and financial scripts accompanied by infra and energy. The sectors that closed in red are IT, Pharma and FMCG.
Experts say that Metals and IT might see further profit booking. BSE Midcap ended 0.6% higher and Small cap at negative 1%
Reliance Industries ended 1% higher after buying major stakes in Netmeds.
Today’s session attracted investors to many scripts that were initially trading at a downtrend and that turned around and took a positive move today.
There is a rest seen in the market post the commotion that underwent during the initial stages of the pandemic. The belief of investors in the government and the hopes for betterment of the economic situation lead the market forces towards a good rally. This calls for investors to watch out their investment strategy and grab good buying opportunities.
These were the market wrap up for today and the major changes underwent on sectoral basis in scripts.
(Source: Money control)(Dated: 19th August 2020)
Closing Bell- (Dated: 18th August 2020)
The market closed on a high today wherein Nifty touched a high of 11,400 and ended at 11,389 levels. The closing lead Sensex up 477 points and Nifty up 138 points which lead the market to close positive on the second consecutive day.
The market indices kept increasing amid mixed global cues. Investor’s sentiments were positive because of government actions towards the lockdown and steps to improve rural economy.
Although the market opened flat, handsome buying was seen in heavyweight and quiet momentum in banking stocks during the latter half of the session.
All the sectors ended in green except for pharma at least negative. BSE Midcap and Smallcap increased 1%.
It is appreciable to see the Nifty performance and how it surpassed 11,350 levels. Now the next upside is around 11,500-11,700 levels. The new support for Nifty is at 11200.
More Updates on Closing Bell
Banking scripts have been underperforming since the past few months. Experts believe that the indices will largely be impacted if the banking based scripts gain pace again.
Talking about banks, there was a 2% change in Nifty Bank, mostly impacted by IDFC First, Kotak Mahindra and ICICI Bank.
A hit in electricity demand and a drop in year on year import of coal is also seen due the coronavirus pandemic.
It is witnessed that individual scripts are performing way better than the market index as a whole. Nifty new high can lead to further upside in large cap scripts as well.
In the coming sessions, the market is expected to majorly react as per the global cues and the political tensions between US and China.
The view of the market continuous to remain bullish with precautionary measures suggested at higher market indices.
(Source: Money Control)(Dated: 18th August 2020)
Closing Bell – (Dated: 17th August 2020)
Both Sensex and Nifty closed on a high today, Sensex was 173 points up and ended at 38,050 levels and Nifty was 69 points up and ended at 11,247 levels.
BSE Midcap and Smallcap also closed at a positive.
The highlighted sectors for the day remain to be automobile, FMCG and PSU heavyweights.
It is a good start of the week to see the market indices gain half a percent even during the consolidation period. Although the indices remained range bound during the day, the last half gave an impression that the market may close at today’s high.
Although the market began with an uncertain start and the global cues giving mixed signals about the economy of different countries, investors choose to remain cautious with their portfolio making Nifty to trade around 11,250 levels.
Looking at the current high market valuations, experts believe that soon there is possibility to see profit booking in some scripts that would likely affect the overall market condition.
More Updates on Closing Bell
There was a 3% increase in Power, metal and auto scripts. However, Telecom and BSE Energy closed in red.
The view on market levels remain the same, with its resistance at 11,350 levels. Surpassing this would cause a rally to about 11,500, says experts.
Bharti Airtel, Vodafone and Reliance Industries were affected by the AGR hearing. Whereas Glen Pharmaceuticals ended 1% higher because of a year on year increase in net profit posted by the company.
With the ongoing hearing of the AGR case, tomorrow’s market session will rely completely on it.
These were the market updates for today. The view still continues to remain positive leaning towards taking cautious measures amid the high indices.
(Source: Money Control, CNBC TV18)(Dated: 17th August 2020)
Closing Bell – (Dated: 14th August 2020)
The market saw selling today majorly in the auto and banking sector and ended below it crucial support for both, Nifty and Sensex.
Although Nifty opened at positive it drifted below its crucial support during the day’s trading sessions. It session recorded a correction of 250 points forming a bearish candle on a daily scale which indicates a small break after the positive past sessions.
Nifty closed at 122.05 points low that is at 11,178 levels and Sensex closed 433.15 points low at 37,877. Nifty’s resistance is at 11,250 levels and its support at 11,100 and 11,050 zone.
Next week sessions is considered to be crucial to see if the market holds on to or above 11,100 levels. If it breaks this level then the market would expect to show bearish trend and the next move would be to go short and avoid buying.
If the market crossing the resistance of 11,350 only then will the bullish trend seem to continue. Until then the range bound indices will remain intact with a potential downward perspective.
More Market Updates Today
Metal and pharma closed in green while all other sectors ended in red.
Nifty bank ended 2.33% negative and nifty midcap was down by 141.55 points.
Hindalco Industries announced its Q1 results which declined on a year on year comparison.
Even with the volatile market trend, the long term market perspective remains positive with good fundamental scripts like SBI life insurance, HDFC Bank, Reliance Industries and more having potential to suffice long term gains to an investor’s portfolio.
This was the market wrap up for the day and the end to the weeks market update. We hope investors are taking portfolio based action with regard to the market scenario since the past trading sessions.
(Source: Money Control) (Date: 14th August 2020)
Market Update Today- (Dated: 13th August 2020)
Although the market opened on a positive note today it was unable to sustain in the range and closed 7.90 points down indicating the second negative close since a couple of consecutive days.
Sensex closed at 0.15% down that is at 38,310.49 levels and Nifty closed at 0.7% down at 11,300.50 levels.
Gainers for the day were Tata Motors, Hindalco and Titan Company, whereas losers were Eicher Motors, Sun Pharma and HDFC Life.
Sector wise it was seen that all the sectors apart from bank and pharma ended in green with an increase in 1.6% in BSE Midcap and 0.7% in BSE Smallcap.
Nifty media also saw a 1% increase backed by PVR and Inox leisure. Wherein there was a 4% increase in PVR and 3% increase in Inox Lesiure.
More information on Market Update Today..
Metal stayed in limelight for today’s trading session.
PFC announced its Q1 result today with an increases in year on year profit causing a great rally in the script today.
However, Grasim Industries and Godrej Industries posted downfall in year on year profit for Q1.
HAL industries sees an 18% increase in script competing with Bharat Forge that showed 16% upside.
Sugar stocks were seen to be trading in red where Balrampur Chini ended at 1.20% negative and EID Parry Ltd at 0.65% down.
Large volume trade was seen in RIL, SBI, Bharti Airtel and Bajaj Finance.
The market is still in wait for the hearing of the AGR case on Friday with a prediction that changes can take place in the market but until then the view remains to be positive.
These were the noteworthy changes as per the market wrap up today. With this market performance and keeping in mind negative closing for the past two days, taking portfolio based decision for an investor is very critical and obligatory.
(Source: Money Control, Economic Times)(Date: 13th August 2020)
Closing bell today (Dated: 12th August 2020)
On 12th August the market closed at a negative range where Sensex was down 0.10% and Nifty was down 0.12%. Although the market was range bound it managed to remain above 11,250 levels.
Nifty opened at a gap up but failed to close at positive with its volatile struggle during the day. However, with the falling market it is a good opportunity to add in dips as the target still remains at 11,500 levels. The support is at 11,100 levels.
Although investor’s sufficed loss as the market closed at a negative range, high selling was seen in metal, FMCG and pharma scripts and buying was seen in Auto and PSU bank scripts.
More Updates on Closing Bell Today…
View towards buying with a long term perspective remains intact as view towards long term upside is positive.
Banking and Infra scripts have the potential to rise while IT and metal may see profit booking in the coming sessions as well.
Gold and silver prices are also witnessing volatility amid the stable stock market condition. Global cues stay intact with major support seen from countries towards Russia’s struggle with completing the trials for the COVID-19 vaccines.
The short term trend continues to remain positive with short term support at 10,900 levels and resistance at 11,500 levels.
Keeping in mind these market updates, investors must make sure to keep a check on his/her portfolio and take action on buy, sell or add in dips in necessary scripts.
(Source: Money Control, CNBC TV18) (Dated: 12th August 2020)
Market Wrap Up Today: (Dated: 11th August 2020)
Nifty opened at a gap up in today’s trading session. Today as well it closed at a high, which records the sixth high since the last trading sessions.
As a market update, the market traded above 11,250 levels for the day which were closer to the range of 11,400 making it easy for the market to reach 11,500 soon.
However, the short term support is seen at 11,250. A reason for markets positive energy is the pragmatic global relations.
Although the market traded at a range bound it closed at a positive 0.5% that is 11,323 levels.
Buying was seen in banking and metal stocks. Most of the sectors ended in green apart from Pharma and IT.
It is expected that Russia’s announcement to register the first COVID-19 vaccines lead to a positive market session with profit booking in the pharmaceutical sector.
Gainers for the day were Axis Bank, IndusInd Bank, JSW Steel whereas drop were seen in Titan, UPL, Cipla.
Market Update Today Continues..
Shree Cement gave out their Q1 result and due to less raw material demand it was the result was negative 13%. This impacted the script that caused a fall in its prices.
With a private lender raising Rs. 10,000 crore in Axis bank, its intraday saw 2% rise in prices.
The sugar sector also saw good demand from investors and showed high volume trades.
Titan saw 4% dip in intraday rates after its June quarter result was posted that was affected mainly due to the COVID 19 pandemic. Its year on year profit shows a decline of 62%.
It is expected that the hearings of the AGR case that will be held on Friday will impact the market and investors portfolio largely.
These were the market wrap up updates for today. However, despite of the increasing market rate it is important for an investor to always a keep a watch out on his/her funds and discourage over allocation in scripts.
Closing Bell Today – Dated: 10th Aug 2020
The market wrap up had a positive close today as Sensex gained 141 points and Nifty closed above 11,250 levels. Which calls for Nifty closing positive on the third day in a row.
Market update today is that Nifty hit intraday high of 11,337 levels which is the highest in 8 previous market sessions.
Most of the sector indices saw some positive trades but pharmaceutical stocks gained more than other sectors. FMCG, Bank, Auto and IT closed in green and BSE small and midcap closed at 1% gain.
Since Nifty showed a bullish trend it is expected to have the next target at 11,500 levels and the support at 11,100.
Share Market Update Today – Continues…
Major increase was seen in Emami Ltd. Which rallied 20% as their June quarter results were strong. Its large increase in year on year profit caused many investors good gains from the script.
Cipla announced strong results, much more than the public’s expectations. The 26% increase in year on year profit caused 9% increase in this pharmaceutical script.
The gainers for the day were M&M, Tata Motors and Sun Pharma and losers were Asian Paints, Eicher Motors and Maruti Suzuki.
Since the pharma sector has seen to be gaining in the market lately, Divis Lab shot up 12% today, making it the biggest market cap company in the pharma sector ranking after Sun Pharma. It opened at a gap up and ended at 3120 levels.
Life Insurance section is also seeing revival post the drop it had been experiencing since the past four months.
IPCA Labs announced great Q1 result which lead to increasing prices of the script.
High selling was seen in Reliance Industries, Bajaj Finance and Maruti Suzuki.
These were the key take away as per the closing bell today and the notes on Nifty levels that are important for the next day trading session.
Market Update Today – Dated: 7th Aug 2020
After the fourth positive trading session the market wrap up Nifty closed flat on 7th August 2020 at 11,215 levels. The momentum of trade was less, however small and mid-caps showed more demand from the public.
Sensex rose 15 points and ended at 38,040 levels. Considering this trading session calls for the week end, the overall performance for Nifty is an increase of 1.2% and Sensex an increase of 1.1% respectively.
The high interest in small caps and midcaps were due to the unchanged interest rates as these scripts are directly proportional to gaining benefit from the same.
Sector-wise, sugar and agricultural stocks saw a hike along with telecom, power and industrial goods. Profit booking was seen in IT, healthcare and consumer durable.
Closing Bell Continues…
Overall, the gainers for the day were UPL, Asian Paints and Bajaj Finance. However, Infosys and Titan holders saw negative impact on their portfolio.
Large volume trades were seen in M&M, Berger Paints and Torrent power which was a 100% spike leading to a drastic increase in prices over the week.
Other gaining scripts are from the Bajaj family, where Bajaj Finance closed at 4% positive and Bajaj Finserv at 3% positive in today’s trading session.
The year on year profit for Deepak Nitrite showed 40% downfall this quarter which lead the script to fall 5% from its trading price.
As per market update today, the overall technical view for Nifty would need Nifty to trade above 11,150 levels to see upward trend in next weeks trading session with an upside at 11,333 levels and next upside of 11,500 levels and downside support at 11,100 and 110,50.
These were the key take highlights as per the closing bell which give an overview of today’s trading sessions and throws light on the movement to be undertaken for an investor for the next market run.
Closing Bell / Market Update – Dated: 6th Aug 2020
Knowing rates at closing bell are important to see the overall movement of the scripts as well as is essential to take trading based decisions.
On 6th August 2020, the market closed higher than expected mainly because of the repo rate remaining unchanged that is at 4% by the RBI.
Nifty formed a doji candle and both are seen to be making higher lows since the past few trading sessions. For longer terms the support for Nifty is at 10900 levels.
With the monetary policy staying intact and no changes in repo rates, the banking stocks reacted positively despite of the volatility in Nifty.
Today’s Market Update Continues
IT, metal, pharma and FMCG sectors saw 1 % gain in today’s session with major gainers for the day being HCL, Bajaj Finance and Infosys and losers were mainly M&M and Adani Ports.
Nifty is expected to have volatile trend for short term but is anticipated to reach an upper resistance of 11350 levels around sometime next week with a support at 11100 levels.
After it bounced back on Monday, it is seen to be rising constantly. Experts are predicting for Nifty to break its near term high of 11341 levels and post the breakout a large rally can be expected in the market that will impact scripts of various sectors.
Profit booking was seen in telecom, capital goods and power stocks as all these closed at a minute low. However, with overall profit booking atmosphere seen during the session, there was buying witnessed around market wrapup.
These were the key notes as per market update today that are worthy for investors to take necessary portfolio based decisions immediately.
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