Daily Market Update – An Overview of the Stock Market for the Day

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: 10^th March, 2021)

Indian equity indices, Sensex and Nifty ended higher on Wednesday led by board gains amid positive global cues.

Midcap and smallcap indices outperformed the benchmarks.

Moreover, the Sensex ended 254.03 points, or 0.50 percent higher at 51,279.51, while the Nifty closed at 15,174.80, hiked up 76.40 points, or 0.51 percent.

Further, the Nifty has not been able to get past 15,300 and hence the markets continue being sideways.

However, volumes on the NSE were low compared to recent averages implying limited institutional participation.

Nifty IT, Nifty Metal and Nifty Pharma rallied the most over 1 percent each among other sectors.

Meanwhile, Eicher Motors, JSW Steel, Hindalco Industries, Tata Steel and Bajaj Finance were the top NSE Sensex gainers today.

More Update on Closing Bell

Benchmark indices ended higher for the third session supported by the IT, metal and pharma sectors.

Nifty Metal and Nifty Index performed the best during the day.

Midcap Index gained 196 points to reach 24,220 while Nifty Bank gained 73 points to reach 35,938

Also, bond yields and the dollar index will determine the market trend in the coming days.

Moving forward, Indian rupee ended flat at 72.91 per dollar despite buying witnessed in the domestic equity market.

Notably, volatility slipped during the day to settle below 21 levels.

On the flip side, SBI Life insurance, ONGC, IOC, HDFC Life Insurance and Kotak Mahindra Bank were the top index losers today.

(Source: Money Control, Financial Express)

Market Wrap up Today – (Dated: 9^th March, 2021)

On March 9, the Indian benchmark equity indices ended the volatile session on a sluggish note led by gains in private banks, IT and financial services stocks.

The market has not been successful in getting past the 15,300 which is the upper end of Nifty’s current trading range.

Moreover, the Sensex ended 584.41 points, or 1.16 percent higher at 51,025.48. While the Nifty gained 142.20 points, or 0.95 percent to close at 15,098.40 respectively.

Further, selling was witnessed in metals, pharma and auto indices in today’s highly volatile trading session.

Meanwhile, broader markets, smallcap and midcap indices underperformed the benchmarks.

SBI Life Insurance, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra and HDFC were the top BSE Sensex gainers today.

More Update on Closing Bell

Today’s last-hour recovery helped Sensex and Nifty close their near day’s high.

Nifty Metal was down by 2.25 percent while Nifty Financial Services gained 2.24 percent, respectively.

Nifty Bank hiked from 590 points to 35,866 points while Midcap Index declined from 125 points to 24,024 points.

Accordingly, market analysts expect GDP growth to average around 6.3 percent between fiscals 2023-25.

However, downfall in US bond yields and stronger US equity futures aided Asian markets to recover from past losses.

On the flip side Power Grid Corporation of India, ONGC, NTPC, Bharti Airtel, State Bank of India (SBI) were among top Sensex laggards today.

(Source: Money Control, Financial Express)

Market Wrap up Today – (Dated: 5^th March, 2021)

Indian indices ended on Friday on a sluggish note as BSE Sensex and Nifty 50 continued to decline for the second day straight.

The market concluded the day with losses of around 140 points.

Moreover, BSE Sensex ended at 50,405 down by 440 points, whereas Nifty 50 closed at 14,938 falling by  142.70 points or 0.95 percent.

Further, the broader markets ended up underperforming the benchmark indices.

The short-term trading range has moved to 72.50-73.50 as the forex market is highly volatile.

Stocks of ONGC, Maruti Suzuki, Kotak Mahindra Bank, and Nestle India were among top gainers today on Nifty50.

More Update on Closing Bell

Sectorally, all indices ended in red including Nifty PSU Bank index dropping over 4 percent.

The banks, financials and metal indices mostly lead the losses today.

Nifty Realty and Media gained 0.11 percent and 1.60 percent, respectively.

The Nifty Midcap 100 index declined by 2.15 percent and the Smallcap 100 index fell by 1.55 percent. Overall, 38 Nifty stocks closed in the red today. Meanwhile, Front-line Indices ended at 1-2 percent lower.

Notably, volatility surged to strike a high of 26.4 in the day but before closing bell yielded some gains to end at 25.56.

Moving further, the Volatility Index recorded a rise of nearly 6 percent.

On the flip side, HDFC Bank and ICICI Bank were among the top BSE Sensex losers today, dragging markets lower.

(Source: Money Control, Financial Express)

Market Wrap up Today – (Dated: 4^th March, 2021)

On March 4, Indian indices snapped three sessions of gains as Nifty ended below 15,100.

This was dragged by losses in metal, financial stocks amid weak global cues with bond yields rising again.

Moreover, the Sensex closed 1.16 percent lower at 50,846.08 while Nifty fell 1.08 percent to settle at 15,080.25.

Meanwhile, the midcap index outperformed benchmarks once again with a gain of 2 percent from the initial lows to end 0.5 percent higher.

Further, broader market indices outperformed the benchmarks as both midcaps and smallcaps traded at 0.49 and 1.17 percent, respectively.

However, cement stocks surged higher during the afternoon session with Orient Cement hiking nearly 13 percent.

Ultra Cement, Adani Ports, Shree Cement, Grasim and Dr Reddy’s labs were among the top BSE Sensex gainers today.

More Update on Closing Bell

All the sectors except Nifty Realty and Media were trading in red, with metals leading the losses.

Nifty Realty and Media gained 0.11 percent and 1.60 percent, respectively.

Nifty Bank and Financial Services scaled down by more than 1.5 percent each while Nifty Metal lost over 2 percent on reports of the price cut.

A sharp 6 bps increase in 10-Year USA treasury yield put investors on the edge of their seats today.

Notably, volatility index soared over 6% today implying some uneasiness at these levels.

On the flip side, JSW Steel, HDFC, Hindalco, Tata Steel and Tata Motors were among the top losers on Nifty50 today.

(Source: Money Control, Financial Express)

Market Wrap up Today – (Dated: 3rd March, 2021)

On Wednesday, Indian indices closed with rise in Indian shares for the third straight session with frontline indices surging 2-3 percent.

Moreover, this was led by gains in metals and financial stocks.

Further, the Sensex hiked over 1,000 points for the fourth time in 2021.

The Sensex ended 1147.76 points or 2.28 percent higher at 51,444 while the Nifty rose 322.30 points or 2.16 percent to settle at 15,241.40.

Broader markets also surged during the day with the midcap and smallcap indices up 1.76 and 0.99 percent, respectively.

Following an expansion of the country’s vaccination drive and upbeat domestic economic growth, Indian equities have gained more than 1 percent every day this week.

Tata Steel, Bajaj Finserv, Reliance, Bajaj Finance, UPL were among the top BSE Sensex gainers today with 43 Nifty stocks ending their day in green.

More Update on Closing Bell

Positive global cues played a key role in helping the benchmark indices to close with gains.

All the sectors ended in the green barring Nifty Auto that lost about 0.66 percent.

Nifty Metal and PSU Bank ended 3 percent higher, while Nifty Bank and Financial Services rose over 2.6 percent.

Nifty IT and Realty were trading over 1.5 percent higher.

While the sectoral indices closed higher, the volatility index dropped over 6 percent.

On the flip side, Hero MotoCorp, Maruti, Bajaj Auto, M&M, BPCL were among the top BSE Sensex laggards today.

(Source: Money Control, Financial Express)

Market Wrap up Today – (Dated: 2^nd March, 2021)

Indian indices ended with gains led by Auto and IT stocks for a second consecutive session on Tuesday, March 2.

BSE Sensex and Nifty 50 ended on a positive note with an increment of one per cent, extending the previous day’s gains.

After last week’s turmoil, the Sensex crossed the 50,000 mark as some semblance of calm returned to global bond markets.

The gains in the domestic indices were driven by a broad-based rally across sectors, however, Nifty Bank underperformed relatively.

Moreover, the Sensex ended 447.05 points higher at 50,296 while the Nifty rose 157.7 points to settle at 14,919.

Broader markets also surged during the day with the midcap and smallcap indices up 1.7 and 1.2 percent, respectively.

On the Nifty50 index, Tata Motors, M&M, Wipro, Adani Ports, Hero MotoCorp were among the top gainers today.

More Update on Closing Bell

Positive global cues played a key role in helping the benchmark indices to close with gains.

All the sectors ended in the green, except for PSU Bank, led by Nifty Auto, which rose 3.19 percent

Nifty IT and Nifty FMCG were also up 3 percent and 1.38 percent, respectively.

On the contrary, ONGC, Housing Development Finance Corporation and SBI were among the top index laggards today.

Notably, the volatility index contracted sharply for the second consecutive day by over 6%.

Meanwhile, the pharma, metal, media, realty sectors were also trading in the green for the day.

(Source: Money Control, Financial Express)

Market Wrap up Today – (Dated: 1^st March, 2021)

On March 1, Indian indices ended over 1.5 percent higher after recovering from a 3 percent decline in the previous session.

The Sensex ended 750 points higher at 49,850 while the Nifty rose 230 points to settle at 14,761.

Broader markets also surged during the day with the midcap and smallcap indices up around 2 percent each.

The sentiment was bullish after India reported a 0.4 percent rise in GDP growth in the December quarter after 2 quarters of negative growth.

Auto, energy and financial sectors contributed the most to the rise.

Moreover, the market was primarily driven by buying in Housing Development Finance Corporation (HDFC), HDFC Bank, Kotak Mahindra Banka and ICICI Bank.

Out of 30 Sensex stocks, only shares of Bharti Airtel finished trade in red falling by 4.45 per cent in an otherwise strong market.

On the Nifty50 index, Powergrid, ONGC, Grasim, UPL and Shree Cement were the top gainers today.

More Update on Closing Bell

Positive global cues played a key role in helping the benchmark indices to close with gains.

All sectors ended in the green for the day led by Nifty Auto, which hiked by 2.4 percent.

Nifty Energy and Nifty Metal were also up 2 percent for the day.

Meanwhile, the banking, fin services, pharma, IT and FMCG sectors surged 1-2 percent for the day.

However, fertilizer stocks scaled up on reports of subsidy payment with NFL and FACT rising 20 percent each.

Top midcap gainers for the day include Just Dial, IRCTC, India Cements and Motherson.

(Source: Money Control, Financial Express)

Market Wrap Up Today – (Dated: 26^th February 2021)

Indian indices sharply fell in the opening session with all the sectoral indices trading in red. Major sectoral indices started the session in red on February 26. The close of the month saw a huge amount of selling pressure in the market especially in the PSU bank and metal indices.

Indian equities traded with a sharp selloff on intraday trade on Friday. This accordingly dragged down the benchmark indexes down by more than 2,148 points.

Also, the Nifty slipped below the 14,500 levels.

Although, the whole market was trading in red but Mid and small-cap indexes outperformed their large peers. Both the BSE Midcap and Smallcap indexes were trading below 1.75 and 0.74% respectively.

More Update on Closing Bell

The Sensex fell at 1,939 points towards the close of the market of this month. It slipped down by 3.80 percent to close at 49,099.99 levels.

Nifty on the other hand moved at 14,529.15 points below 568 points slipping down by 3.76 percent.

As per the data, only NTPC and Maruti were the gainers today.

Nestle India, Dr Reddy, Sun Pharma. HCL Tech, Hindustan Unilever, Kotak Mahindra, M&M among many other shares closed in red.

Moreover, the Nifty Bank, Private Bank, PSU Bank including Financial Services indexes dropped by 5 percent each. The market endured a whole day full of heavy losses by end of the February today.

(Source: Moneycontrol)

Market Wrap up Today – (Dated: 25th February, 2021)

Domestic equity market benchmarks BSE Sensex and Nifty 50 ended higher for the third consecutive day on Thursday.

The market witnessed some swift recovery from its short-term support around the Nifty50 Index level of 14650-14850.

The expectation is that the level should range between 15250 and 15000 in days to come.

This is followed by a technical glitch that halted trading on 24^th February leading to high degree of uncertainty among traders.

BSE Sensex climbs up 250 points or 0.48 per cent to settle above 51,000 after a gap of four days at 51,025.

Moreover, the broader Nifty 50 ended near 15,100, gaining 115.35 points or 0.51 per cent.

Both midcap and smallcap ended higher by 1.1% and 1.5% respectively.

ONGC, NTPC, Reliance Industries Ltd (RIL), IndusInd Bank, Axis Bank, Power Grid Corporation of India were among the top index gainers today.

Barring Nifty Financial Services and Nifty FMCG indices, all the sectoral indices settled in the green, with Nifty Metal index surging 4 per cent.

More Update on Closing Bell

Positive global cues helped the benchmark indices close with gains and GDP data will dictate the trend from hereon.

Sectoral indices are trading in the tandem with benchmark while banking can be a game changer in helping the index rise higher.

Nifty Metal rallied the most over 3 percent followed by Nifty PSU Bank, Nifty Auto, Nifty Realty, Nifty Pharma and Nifty Media.

On the flip side, ICICI Bank, Nestle India, Kotak Mahindra Bank, L&T were among the top Sensex laggards today.

(Source: Moneycontrol)

Market Wrap up Today – (Dated: 24th February, 2021)

The Indian market on February 24 closed with sharp gains due to earnings from banking and financial stocks.

However, Indices turned volatile in the afternoon session of the trade today.

This is post the National Stock Exchange (NSE) resumed trading after an over three-hour long halt due to technical glitch.

Sensex ended with 1030 points, or 2.07 percent, higher at 50,781.69 whereas Nifty climbed up 274 points or 1.86 percent to 14,982.

The S&P BSE Sensex traded around 50,100 levels, up 380 points for most part of the session.

Moreover, Nifty50 index topped the 14,800-mark post resumption of trade.

Tata Consumer Products hiked 4 per cent and hit a fresh lifetime high.

BSE Midcap and Smallcap indices ended at 0.77 percent and 1.08 percent higher, respectively.

HDFC Bank, ICICI Bank, Housing Development Finance Corporation (HDFC) and Reliance Industries Ltd (RIL) stocks were among the top gainers today.

Other BSE Sensex gainers were Bajaj Finance, State Bank of India (SBI), Kotak Mahindra Bank and Infosys, among others.

More Update on Closing Bell

Positive global cues played a key role in helping the benchmark indices close with gains.

Sectorally, the Nifty Bank and Private Bank indices finished the trade nearly 4 per cent higher. Meanwhile, the Nifty PSU Bank index rose over 3 percent.

Media and Metal indices also traded with healthy gains in the market.

On the contrary, Dr. Reddy’s Laboratories, Power Grid Corporation of India, TCS, Sun Pharma were among the top index losers today.

(Source: Moneycontrol)

Market Wrap up Today – (Dated: 23^rd February, 2021)

Today, Indian equity benchmarks ended flat with a positive bias on BSE. Indices remained higher for the most part of the session after a positive start.

The market experts witnessed this, a day after surging past the 150,000-mark.

At close, the Sensex was up 7.09 points or 0.01% at 49,751.41, and the Nifty was up 32.10 points or 0.22% at 14,707.80.

Moreover, Indian rupee ended with marginal gains at 72.46 per dollar, besides volatile trading in the domestic equity market.

Broader markets, however, outperformed benchmarks with the midcap and smallcap indices up around 1 percent each.

So far, around 1657 shares have advanced with decline in 1213 shares whereas 158 shares remain unchanged.

For public sector banks (PSBs), the outlook has been revised to stable from negative and also for private banks.

Tata Steel, Tata Motors, ONGC, were among major gainers today followed by Hindalco Industries and UPL.

More Update on Closing Bell

Positive global cues helped benchmark indices to close with gains. Evidently, markets ended with modest gains in a volatile trading session.

Nifty Metal index witnessed an increase of nearly 4 percent, while energy and infra indices added 1-2 percent.

Meanwhile, BSE Midcap and Smallcap indices scaled up 0.7-1 percent.

Kotak Mahindra Bank, Maruti Suzuki, Bajaj Auto, Adani Ports and Divis Labs were among the top losers today.

As per data, Kotak Mahindra Bank fell 3.87%, Maruti Suzuki fell 1.66%, Bajaj Auto fell 1.36%, HDFC Bank fell 1.26% and HCL Tech fell 1.02%, which were the top losers.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 22^nd February 2021)

The Indian market miserably failed to maintain its dignity above 14,750 levels, although the market showed some positive signals in the pre-opening session.

Moreover, the technical factors however moved for a further correction in the upcoming future. Market further witnessed volatility today reflecting profit booking at higher market level. On the other hand, gold prices hovered from seven months low on the back of weak dollar indices.

The BSE Realty indices fell by 2 percent towards the close of the session on the back of Godrej Properties, Prestige Estate and Phoenix Mills.

DLF, IB Realest, Sobha, Mahlife among others were the major losers of realty sectors today.

More Update on Closing Bell

The benchmark indexes closed lower for the fifth say straight with Sensex breaking through the 50k mark. Meanwhile the Nifty also closed in red, slipping below 14,700 level.

Sensex fell down by 1,145 points to close at 49,744.32 levels, shedding by 2.25%. Also, the Nifty lost 306.10 points to close at 14,6750 levels slipping by 2.04%.

Further, around 1030 shares gained and 1942 shares also fell in the Indian stock market incurring heavy losses. Also, 151 shares are still unchanged.

All the sectoral indices closed the session in red except the metal indices, which gained by 1.6%. Adani Ports, JSW Steel, Hindalco Industries, TATA Steel and ONGC were the major gainers on NSE today.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 19^th February 2021)

As the day started at a negative note, the Indian market closed at a very negative note as well. The Sensex closed below the 51,000 mark with Nifty dropping below 15,000 levels.

After a prolonged hit, the PSU Banks also made the worst close at the closing bells today. On a contrary, the Indian benchmark indices closed the week on a worst note with more than 1 percent loss. The market is closed at 14,982 levels forming a bearish candle pattern on the charts.

Market may further witness a downfall at 14,900-14,750 range with 15,100-15,170 levels as a strong hurdle.

However, the broader market ended the week in green on the NSE. ONGC, Hero MotoCorp, Tata Steel, SBI and Tata Motors were the Nifty losers today.

UPL, IndusInd Bank, Dr Reddy’s Labs, GAIL and HUL were the major gainers on the Nifty in today’s session.

More Update on Closing Bell

It is the fourth consecutive session that the Indian benchmark indices closed in red amid selling across the sectors.

The Sensex was down at 434.93 points or it slipped down by 0.85 percent to close at 50,889.76 levels. Meanwhile, the Nifty also slipped by 137.20 points or 0.91% to end at 14,981.80 levels.

Around 1175 shares got advanced by the end of this week and 1727 shares have declined as well. Further we can still see some changes in upcoming session with 170 unchanged shares.

All the sectoral indices closed with losses with PSU bank shedding 4.7 percent. On the other hand, auto, bank, infrastructure, metal and pharma indices fell in the range of 1-2%.

Also, the BSE Midcap and Smallcap indexes closed in red by the market close on February 19.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 18^th February 2021)

The Indian market witnessed a very truncated week today where the USDINR spot remained silent in the wait of more cues. This was one more negative session added to the history of negative market closing.

The indexes fell by 0.60 percent to close at 15,117 levels forming a bearish candle for a third session straight.

It has finally settled near the support level of 15,000. However, any ending below this level can further push the index down at 14,750 zone.

Moreover, 15,250 can emerge as the strongest resistance level in the nearby session. Also, if the index manages to stick at 15,250 level it can give a fresh upside.

More Update on Closing Bell

The Indian indices have closed in red but many stocks settled the session with gains followed by PSU banks.

As the session closed, the Sensex settled down at 379.14 points or it fell by 0.73% to end at 51,324.69 levels. Meanwhile, the Nifty also declined by 89.90 points or 0.59% to close at 15,119 levels.

Around 1316 shares fell towards the market close and 151 shares remained unchanged. Further shares advancing today were greater than the declined numbers. Around 1609 shares have progressed with the market close.

The PSU Bank increased by 5 percent along with IT, Metal & Energy gaining in the range of 1-2% among the sectors. However, the Auto index declined by 1% in the rally.

ONGC, GAIL, BPCL, IOC and NTPC were the major gainers on NSE today. Meanwhile, Nestle, Bajaj Finance, Kotak Mahindra and Shree Cements among others were the losers in today’s session.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 17^th February 2021)

The Indian market traded at a volatile rate and closed with cutting more than half percent today.

Doing a quick recap, the benchmark indices although opened on a flattish note amid mixed global cues. Market witnessed a range-bound rally throughout the day.

Nifty also ended the day lower at 15,209 levels. Moreover, the healthcare, power, energy and capital goods sectors closed with gains.

The IT, healthcare sector and the banking sector closed with losses by the end of the day.

Further, the broader markets closed remaining unchanged even after outperforming throughout the session.

More Update on Closing Bell

As we wrap up the session today, healthy corrections are seen in the Indian markets without any shortage of opportunities. Nifty can have a support near 15,050 levels in the upcoming session.

Moreover, the Indian rupee recovered all the losses with the opening session today but couldn’t continue this momentum.

It closed marginally lower at Rs 72.75 against dollar on the back of selling in domestic equity market. The Benchmark indices closed on negative note for second day straight regardless of the uplifted PSU bank shares.

Sensex closed below 400.34 points or it dropped by 0.77% to close at 51,703.83 levels. The Nifty also lost 104.60 points to end at 15,208.90 levels.

Almost 1480 shares have advanced so far and 1422 shares fell down by close of the market. Also, there are still 144 shares remaining unchanged.

Hero MotoCorp, Adani Ports, SBI, Power Grid and NTPC were major gainers today. While Nestle, Asian Paints, Bajaj Finserv among others ended with losses on the NSE today.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 16^th February 2021)

The Indian indexes opened the day with good gains but couldn’t attain this level for long. Indian stock market ended at a flat rate of 15,318 levels on the back of profit bookings towards the market close.

Moreover, the index managed to hold beyond the crucial support of 15,250 levels despite spiked volatility.

However, the support of 15,250 is likely to act as immediate support going forward. Despite the flattish close by the end of the day, the market witnessed strong profit gaining by the Metals & the Public Sector Enterprises.

More on the currency front, the Indian rupee traded weak at 72.20 levels on the back of soaring Crude prices.

More Update on Closing Bell

Wrapping up towards the market close, the Sensex closed down at 49.96 points. It closed down by 0.10 percent to settle at 52,104.17 levels.

On the other hand, the Nifty also declined by 1.20 points or 0.01 percent to close at 15,313.50.

Coming towards the shares, around 1354 shares have soared up while major number of shares have declined as well.

Around 1573 shares fell towards the market close and 160 shares remained unchanged.

ICICI Bank, Axis Bank, Nestle and Infosys were the major losers on the Nifty today. Major gainers of the day were ONGC, Hindalco, Tata Steel, Power Grid and NTPC.

Among the sectors, the IT and banking sectors closed the market with gains. Whereas, the energy, metal, pharma and ifra sectors closed with losses.

Also, the BSE Midcap and Smallcap indexes too witnessed gains and ended in green today.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 15^th February 2021)

The Indian indices started the trading session at a high note and as well as ended with a high benchmark. In the morning session, the market made a very strong start of the week amid powerful domestic flows.

Increased number of IIP and easing of CPI inflation recovered the financials. Bank Nifty was under major highlights today. The Bank Nifty jumped to 15340 levels with Sensex adding up above 500 points during the whole session.

It was the smartest session in the last four days where both the Nifty and Sensex moved towards 15500/52500 levels.

More Update on Closing Bell

The Indian market maintained the same rookie spirit towards the market close as well. It was the highest note with Sensex closing the 52,000 level.

Towards the closing of the market, both the Nifty and Sensex ended the session gaining more than 1% each.

Now let us cover up the Bank Nifty as well, which was under highlight since the opening session. The Bank Nifty was actually the major market mover today climbing up by 3.65%.

However, the Midcaps, small caps, healthcare and realty sectors also contributed in the rally today. The BSE Realty index climbed to 1.4 percent and Mid and Smallcap indices surged in the range of 0.3-1.4 percent.

(Source: Moneycontrol)

Market Wrap up Today – (Dated: 12^th February, 2021)

On the weekly closing of the index, the Nifty / Sensex closed at the highest point of the day.

The Nifty Small-Cap Index surged and more than 60 percent of the stock closed in the positive territory.

Market participants were more interested in small-cap stocks throughout the day.

However, Index giant Reliance Industries has pulled the market sentiment.

Accordingly, the market is consolidating and would remain volatile between the 15200/51700 and 15000/51100 levels until the market closes at the 15200/51700 level.

The Nifty would move above the 15200/51700 level to 15350/52200, however, in the absence of Bank-Nifty performance, the market will need strong support from FMCG or IT sectors.

More Update on Closing Bell

After the initial downtick, markets ended with modest gains in a volatile trading session.

The mixed trend continued on the sectoral front as Capital Goods, Consumer Goods and Auto ended with losses whereas Oil & Gas, Metal and Telecom ended with gains.

It is to be noted that amid all, the broader indices witnessed healthy traction as both midcap and small cap ended higher by 0.4% and 1%.

The benchmark recovered in no time and settled around the upper band of the range to close at 15,173 levels.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 11^th February 2021)

The Indian indices finally closed at higher points after losing badly in the last trading session yesterday. Both the benchmark indices Nifty and Sensex closed at highest points of the day.

Many experts believe the market will remain volatile in the upcoming sessions between 15200/15700 levels.

The markets have closed with decent gains settling around the upper range to end at 15,173 levels.

However, the auto sector ended with losses today. Oil & Gas, Metal and Telecom sectors ended with major gains today.

The broader indices witnessed good gains as both the Smallcap and Midcap closed higher by 0.4% and 1% each respectively.

More Update on Closing Bell

Coming towards the closing bell, the domestic market ended with high gains in the Indian stock market.

The Indian Rupee also closed at flat rate of 72.86 per dollar on the back of domestic equity markets closing higher in today’s volatile session.

Sensex ended higher at 222.13 points gain to close at 51,531.52 levels and Nifty ended by adding 66.80 points or 0.44% to close at 15,173 levels.

All the sectoral indexes traded in green today except the PSU bank. Hindalco Industries, Reliance Industries, Sun Pharma, Adani Ports and GAIL were the major gainers on the Nifty.

Eicher Motors, Titan Company, NTPC, L&T and Tata Motors were the major losers today.

Moreover, the Nifty Smallcap Index increased by adding more than 60% towards the market close.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 10^th February 2021)

Indian market managed to move above the Nifty’s support levels of 15,000. There are many technical factors which are collectively working towards supporting a range-bound market in the upcoming sessions.

Also, the momentum indicators such as RSI and MACD, are likely to show divergence leading the market to take a pause around the current levels.

However, today’s intraday range has somewhere lagged behind with a market momentum around 190/650 points.

Cipla, Bajaj Finserv, SBI Life Insurance, M&M and HDFC Life were the major losers on NSE today.

More Update on Closing Bell

The benchmark indices however moved in a narrow range on the back of muted global cues. However, the benchmark indices though traded in a volatile range settling almost unchanged.

On the closing bells, both the Midcap and Smallcap indices closed with decent profits.

Coming towards the closing session, however, benchmark indexes closed at a flat rate amid high volatile session.

The Sensex closed down at 19.69 points or it was 0.04% at 51,309.39 levels at market close. On the other hand, the Nifty was also down at 2.80 points or was at 0.02% at 15,106.50 levels.

Moreover, the realty and auto sectors were among the top gainers today. Private banks, metals and selective infra stocks witnessed good profit booking.

The Nifty auto index closed at higher level jumping up by 1 percent today. Also, 1455 shares have advanced and the same with one digit difference have declined i.e., 1454. Also, 161 shares remained unchanged at market close.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 9^th February 2021)

Indian market was about to end with six days winning streak with indices settling at high gains market opening session.

The markets remained strong before losing all its market gains on the back of profit booking. Coming towards the FMGC stocks were in high demand today.

Indian stock market already achieved the benchmark level of 15,230 – 15,250 levels.  This level however acted as a resistance level.

Market momentum indicators like RSI and MACD are reflecting a market pause around this level.

However, towards the market closing, index witnessed profit booking and closed at 15,100 levels.

More Update on Closing Bell

On the closing bell, the benchmark indices however lost all the intraday gains ending with marginal loses. It turned out to be exact opposite from the scenario in the early session on February 9.

The Sensex fell down by 19.69 points or it was at 0.04% to close at 51,329.08 levels. Nifty on the other hand also lost its power and fell by 6.50 points or 0.04% to close at 15,109.30 levels.

But moreover, around 1279 shares have propelled and 184 shares are unchanged. However, the shares also incurred losses with drop of 1634 shares.

The BSE Midcap and the SmallCap indexes also closed with marginal losses.

On the sectors front, every sector except energy and infra closed in red. The major losers included Tata Motors, JSW Steel and Bajaj Auto among others.

SBI Life Insurance, Asian Paints, HDFC Life, ONGC and Titan Company were the major gainers on the NSE today.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 8^th February 2021)

There was a very positive start of the week today. The Sensex debuted with high records in the pre-opening session.

The rally continued on the back of strong global cues supporting the domestic equities. Sectorally, the overperforming PSU had a little pause today.

The FMGC sector had a little correction in today’s session and the overall market has been buoyant today with IT and metal sector.

Sustained FPI inflows are progressing in the economy on the back of improved domestic markets.

The market kept on moving with a greater strength today.

M&M, Hindalco Industries, Tata Motors, Shree Cements and JSW Steel were the top gainers on NSE.

On the other hand, Britannia Industries, HUL, Kotak Mahindra Bank, Divis labs and Bajaj Finance were the losers today.

More Update on Closing Bell

On the closing bell, the market has closed in green for the sixth trading session straight making fresh records.

The Sensex closed with a gain of 614.17 points towards the closing bell. It ended at 1.22% to close at 51,348.77 levels.

Whereas the Nifty added 191.50 points or it was up by 1.28% to end at 15,115.80 levels.

Around 1284 shares fell down in today’s session and 188 shares remained unchanged. But a huge number of shares have advanced as well which sums up to 1689.

The Nifty auto and metal indexes soared up by 3 percent each.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 5^th February 2021)

The benchmark indexes in India have gained more than 9 percent during this week.  The Sensex broke the 50,000-benchmark level and Nifty also crossed the 15,000 mark.

Market has remained very cheerful throughout the whole week after the Union Budget announcement.

Also, the Reserve Bank of India announced its Monetary Policy and didn’t change its policy rates. The banking sector has uplifted with Nifty Bank adding heavy points.

SBI alone moved on to 39% in one week and the IndusInd Bank gained around 21% with other banks.

On a weekly analysis, within the first week of February, more than 20m stocks gave more than 10% returns.

More Update on Closing Bell

On the closing bell, the market has closed in green on the back of supporting volumes. As Nifty has already made to 15,000 mark it has more potential to achieve 15,200 soon.

The benchmark indexes closed higher on the fifth day as well with Nifty touching above 14,900 levels.

It had been a very volatile session on February 5. The Sensex closed at 117.34 points at 50,731.63 levels. It settled higher by 0.23% and the Nifty added around 28.60 points to settle at 14,924 level.

Around 1281 shares have progressed and 1637 shares fell down today by the end of the session. There are 146 shares which have still remained unchanged.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 4^th February 2021)

Indian stock market has again met the expectations with today’s trading session. In early morning or the pre-opening session, the experts did say that the Nifty will trade at a flat rate but it didn’t happen.

After 12PM, the Nifty surpassed 14,900 levels.

Sectors, mainly the PSU, FMGC and the power sector traded in green amid equity buying in the domestic market.

Apart from PSU and other sectors the CAPEX related stocks also performed very well. Coming to the USDINR contract, the Indian Rupee closed at 72.96 per dollar, though it opened at a flat rate of 72.94.

More Update on Closing Bell

On the closing bell, the Sensex was high at 358.54 points to close at 50614.29 levels. Along with this, the Nifty also added 105.70 points or it hiked up by 0.71 percent to close at 14,895.70.

It had been a winning steak in the Indian stock market session with this continued rally.

ITC, SBI, Bajaj Finance, Coal India along with ONGC were the top gainers on Nifty today. About 1110 shares have dropped in today’s session with 142 shares remaining unchanged.

But the progress was high today as the other days of the session with 1813 shares getting progressed.

Among the sectors, every sectoral index closed in green except IT. The BSE Midcap and Smallcap indexes jumped by 1 percent each.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 3^rd February 2021)

Indian stock market has been trading in green for the third consecutive day in a row since the budget release.

It is so outstanding to see the Nifty surging at record heights today led by sharp gains in many sectors.

The banking, IT, finance, pharma and automobile stocks among many other sectors have sharply gained today.

Both the Nifty SmallCap and Midcap indexes soar to their life-time high levels on February 3. It seems that the market was only waiting for the Union Budget release. Every minor dip has been recovering by aggressively higher numbers.

On the upside, IndusInd Bank, Power Grid Corp, Sun Pharma, Dr Reddy’s Labs and Divis Lab were the top gainers.

More Update on Closing Bell

Although many stocks gained in today’s session but there were few stocks that incurred good losses. Shree Cements, UltraTech Cement, Maruti Suzuki, ITC and UPL were among major losers today.

Both the Pharma and the PSU sectors rose by 2 percent each.

Also, the metal, energy and the auto indexes added by more than 1 percent each. On an average every sector performed very well today except FMGC.

The Sensex closed at 458.03 points by the end of today’s trading session at 50,255.75 levels. Both the indexes closed at fresh records with Nifty ending up at 142.10 points at 14,790.

So far, around 1752 shares have propelled and 1189 shares got declined. There are still 149 shares remaining unchanged.

(Source: Moneycontrol)

Market Wrap Up Today- (Dated: 2^nd February 2021)

The Indian share market had been performing very well since yesterday even before the Union Budget release.

A high gain was witnessed among the banking, infra and automobile sectors closing with 3 to 4 percent gain.

To name a few Tata Motors, Shree Cements, UltraTech Cement and SBI were the top gainers today.

Many good reforms have also taken place in the market. It is very overwhelming to see the market performing well even on the second day.

Big Bull Rakesh Jhunjhunwala also gave high five to the Union Budget 2021.

More Update on Closing Bell

The benchmark indexes settled higher on the closing bell second day straight in a row. A lot of hustle was seen in the Indian stock market. There has been volatility in the indices since yesterday morning.

Although, in the afternoon Nifty was showing again some crucial values but it closed above 14,600 levels.

Further, the Sensex was also high at 1,197.11 points or was high by 2.46 percent at 49797.72 levels.

The Nifty also rose up to 366.70 points following Sensex by the end of the day.

Almost 1727 shares have progressed so far and 170 scrips are still unchanged. On the downside, 1165 shares have declined so far, but still the market is on a positive note.

The BSE Midcap and Smallcap indexes also jumped in a range of 1-2 percent.

(Source: Moneycontrol)

Market Wrap Up Today- (Dated: 1^st February 2021)

The Indian Market cheered the Union Budget 2021 with Sensex gaining 2,314 points. Within the opening session, the market has witnessed positive results.

The benchmark indexes broke the six days losing record bouncing back with a greater jump in today’s session.

The banking sector has outperformed today with IndusInd Bank, ICICI Bank, Bajaj Finserv and SBI being on the list of top gainers.

On the other hand, UPL, Dr Reddy’s Labs, Cipla, Tech Mahindra and HUL were the top losers.

As per the market data, many sectoral indexes closed on a positive note gaining 1-8 percent, except pharma. The BSE Smallcap and Midcap indexes touched up by 2-3 percent.

More Update on Closing Bell

The benchmark indexes broke the previous record giving thumbs up to the Union Budget 2021. The Sensex was up at 2,314.84 points. It was 5 percent high at 48600.61 levels.

It was not just in the morning-session, the market has been performing very well as since the morning and maintained the same spirit towards the closing bells too.

The Nifty was 4.74 percent high at 14218.20 adding up at 646.60 points. With the Union Budget 2021 almost 1902 shares have progressed so far. Although, 979 shares have declined and 198 shares are unchanged.

The market has been enthusiastic since the morning which didn’t end even at the end of the day.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 29^th January 2021)

The Indian stock market today had a mixed momentum. Lot of losses were incurred among different sectors.

The Nifty auto dropped down by almost 3 percent along with Nifty IT which also fell down by the same percentage 3%.

Also, the index for metal and pharma dropped down to 2 percent.  Among the sectors, only Nifty PSU Bank was the one that closed at high level, but only at 2 percent.

Today most of the public sector banks gained profit where the IndusInd Bank bagged the first position with its Q3 report release.

Apart from this Kotak Bank, LT, Bajaj Finance and PowerGrid including others were the top losers for today’s session.

More Update on Closing Bell

The Sensex fell down by 589 points towards the closing bell along with Nifty. The Nifty also lagged behind settling below at 13,650.

Although, both the indexes fell brutally down but the small and midcap industries still outperformed maintaining their benchmark.

Both the BSE Midcap and Smallcap indexes settled at 0.69 percent and 0.25 percent on the downside.

Many public sector banks witnessed a strong jump in their share prices. Canara Bank, bank of India and Punjab National Bank stocks made a sudden jump to 5 percent.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 28^th January 2021)

The Indian stock market again ran on losses amid sectorial indices closing in red.

The BSE MidCap and SmallCap indexes fell by 0.4 percent each. However, many small and midcap firms and industries have although outperformed.

The PMS schemes reported excellent performance exceeding the benchmark in top 5 categories.

Coming towards the yellow metal, gold has again dipped down but at a marginal rate. On the currency note, the dollar again started to regain its lost values incurring depreciation in Indian currency by 12 paise.

HUL, Maruti Suzuki, Wipro, HDFC and Power Grid Corp. were the losers today. On the upside, Axis Bank, SBI, Shree Cements, IOC and Hero Motor Corp were the gainers for today’s session.

More Update on Closing Bell

Allocating all the events taking place on Thursday, the market on a broader view has sharply closed at a very negative point.

It is almost going to be the end of the first month of the new fiscal year 2021 and the Indian Stock market has been closing in red for a total 5 consecutive days in a row.

The Nifty has closed at a very major decline below at 13,850 points. It has almost crossed the previous support level.

Apart from Nifty, the Sensex also dipped below at 535 points going on a downhill. On a sectoral basis, the IT, FMGC and auto stocks also dipped down.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 27^th January 2021)

After a prolonged battle of the bulls, it has come to a conclusion that as long as the Nifty remains below the 14200 level, a bounce can be exchanged.

On the upside, the main obstacle still exists in the range of 14,200 to 14,350 levels. Whereas, on the downside, 13,800 is considered to be the weakest level.

The situation was under full control of the D-street on Thursday. The Sensex got down by about 1000 points and the Nifty also closed at 14000 levels for the first time since the first week of January.

More Update on Closing Bell

In the final session of the D-street, the S&P BSE index closed at 937 points reaching to a level of 47,409.

On the other hand, the Nifty50 was below 271 points to settle at 13,967. Moreover, the NiftyBank was down today by the end of the day, reaching nearly at 30,284.

On a contrary, NiftyBank was down by 3 percent today.

A tiff pressure was seen in the sectors. Selling pressure was seen in various sectors, which included Banks, Metals, Finance, Auto, Oil & Gas, Energy etc. These all sectors were down by more than 2 percent each.

The S&P midcap index also dropped by 1.3% and the Smallcap index also knocked down by 0.5%.

(Source: Moneycontrol)

Market Wrap Up Today – (Dated: 25thJanuary 2021)

Amid volatility in the global markets, the Indian equities continued to get withered for three day straight. Also, the Sensex slipped over 200 points. On the other hand, the broader markets which settled low with marginal cuts outperformed at the frontline indexes for second day straight.

On sectoral basis, the Nifty IT index traded in green for the second day continuously with nearly 1 percent above on the NSE index.

On the downside, the Nifty Metal and the Private Bank indexes settled at 1.6 percent and 1 percent down respectively.

The top drags of the day were ONGC, NTPC and Maruti Suzuki. Nestle India, Infosys and TCS were top gainers of Sensex today.

More Update on Closing Bell

The S&P BSE Sensex witnessed a lot of volatility today. The index settled at 41,115.38 level below 208 points. This 0.50 percent dip was due to cuts in bluechip companies like ICICI Bank, Maruti Suzuki, HDFC Twins etc.

On the closing bells the Nifty50, settled above the 12,100-mark cut off closing at 12,107 level. It was 63 points or 0.52 percent low on the downside.

The S&P BSE small-cap index also closed at 14,631.69 level, downwards 0.14 per cent. However, the S&P Mid-cap index closed near at 15,5291, down at 0.35 percent.

(Source: BSE)

Market Wrap Up Today- (Dated: 22^nd January 2021)

Amid volatility in the global markets, the Indian equities continued to get withered for three day straight. Also, the Sensex slipped over 200 points. On the other hand, the broader markets which settled low with marginal cuts outperformed at the frontline indexes for second day straight.

On sectoral basis, the Nifty IT index traded in green for the second day continuously with nearly 1 percent above on the NSE index.

On the downside, the Nifty Metal and the Private Bank indexes settled at 1.6 percent and 1 percent down respectively.

The top drags of the day were ONGC, NTPC and Maruti Suzuki. Nestle India, Infosys and TCS were top gainers of Sensex today.

More Update on Closing Bell

The S&P BSE Sensex witnessed a lot of volatility today. The index settled at 41,115.38 level below 208 points. This 0.50 percent dip was due to cuts in bluechip companies like ICICI Bank, Maruti Suzuki, HDFC Twins etc.

On the closing bells the Nifty50 settled above the 12,100-mark cut off closing at 12,107 level. It was 63 points or 0.52 percent low on the downside.

The S&P BSE small-cap index also closed at 14,631.69 level, downwards 0.14 per cent. However, the S&P Mid-cap index closed near at 15,5291, down at 0.35 percent.

(Source: BSE)

Market Wrap Up Today- (Dated: 21^st January 2021)

The market opened at a very good note with the Sensex reaching at the mount of 50,000. It was a historic moment in the history of Indian stock market.

Profit booking was seen in the market at a really very good level. The Indian rupee again surpassed the dollar by 13 paise.

Nifty50 also made a record against the previous close opening at 14,753 levels.

Tata Motors, Bajaj Fin, Reliance & UPL were among the top gainers list today.

Bajaj Auto, Asian Paints however gained after their Q3 earnings reports. On the broader market, the Nifty Bank and the MidCap Index also dropped by 1 percent each.

More Update on Closing Bell

At the closing bells, Sensex failed to hold up the position of 50,000 failing drastically. At the end of the day, Sensex closed with 167.38 points or closed at 0.3 percent lower at 49,624.76.

As the Sensex gave up by end of the day, Nifty also fell down by 54.35 points closing at 14,590.53.

The Midcap index also failed at 498 points with major sectorial indices closing in red. Tables are turned again with PSU Bank, Realty& Metal sectors being among the top losers. Followed by a rally of Nifty Metal, Nifty Realty, Nifty Media and Nifty Financial Services, the sectorial index fell more over 3 percent.

Also, the Nifty Smallcap fell more by 0.64 percent at the end of Thursday.

(Source: CNBC TV18)

Market Wrap Up Today- (Dated: 20th January 2021)

The market opened with a positive sign as the Indian rupee gained against the dollar at 73.13.

Sensex has gained another benchmark hitting over 450 points in the intraday trading.

Nifty made a fresh record of 14,665 beating the 14,650 mark, with the indices closing at gains of 123 points.

Today’s gainers were TATA Motors, Adaniports, Wipro and Tech Mahindra on NSE.

Within the first day of IPO, the Indigo Paints reportedly had oversubscription giving a green signal with the IRFC having total 1.3 times subscription.

More Update on Closing Bell

The index settled at 0.8 percent which is up by 394 points at 49,7929.

The S&P BSE mid cap upsurged higher by 1% also the midcap gained by 0.58 percent today. Nifty IT, Auto and PSU Banks closed at good points, gaining over 2 percent each on the index.

Nifty for FMGC index closed with a positive signal on the other hand other consumer goods closed down at 0.16 percent.

On an average, the all sectors except FMGC incurred losses by 0.16 percent today. However, the individual companies like Wipro, Mindtree, Mphasis and Coforge jumped at 5 percent each.

Bajaj finance has reported loss, down at 29 percent, for the December quarter.

(Source: BSE)

Market Wrap Up Today- (Dated: 19^th January 2021)

The market closed at a positive note today, with rupee charging up against dollar by 11 paise.

The Nifty regained the benchmark of 14,500 in the intraday trading whereas the Sensex gained at 936 points.

Approximately all the losses incurred in past two days have been recovered.

Today’s BSE gainers were Bajaj Finserv, Bajaj Finance, HDFC, ICICI Bank, and L&T jumping between 3% and 7%.

Domestic buying was seen in the market. There is a large possibility of economic recovery in the FY21 according to experts.

A 15% increase in the month of February is already expected by experts.

More Update on Closing Bell

S&P BSE MidCap index settling 2.3% higher at 18,953 outperformed the largeCaps. The SmallCap index also closed at higher at 1.6%, closing at 18,634.97.

With the Sensex gaining over 800 points, the real estate sector outperformed with Indiabulls being in the spotlight.

The Sensex rose at 0.72% 350.33 points at 48914.60 and accordingly, Nifty ended at 103.00 points or was at 0.72% at 14384.30.

The current situation reflects a 10-12% CAGR return of Nifty although a long-term view is suggested.

Apart from this, the IRFC IPO had a full house subscription today on the second day of IPO.

(Source: BSE)

Market Wrap Up Today- (Dated: 18^th January 2021)

Sensex and Nifty closed with huge losses on January 18 2021.  Most of the sectors were observed busy in selling the market being under pressure throughout the day.

The market closed today with Sensex closing at 470 points being down at 48,564.27 whereas the Nifty ended at 152 points down at 14,281.30.

The NSE top gainers were Cyber Media, Guj. ApoloInds, Chembond Chemicals and STEL Holdings.

Market closed below the critical support of 14,350/48,800 which has more possibility of falling even down. However, the investors pulled off more money on the table.

The mid and smallcaps underperformed with the BSE midcap and smallcap indexes closing at lower at 2.01 % and 1.89%.

More Update on Closing Bell

All the sectoral indexes though suffered with losses except BSE energy and consumer durables.

The index for metal also fell by 4.14% and the other sectors including healthcare, auto, utilities, telecom and power sector brushed aside by 2% each, individually.

A short-term correction is although expected with the possibility of Sensex also rising up to 50,000.

Buying is advisable between 14,100 and 14,000/48,100 and 47,900, strictly for a short-term approach. Noticeable volatility is observed in the market bringing a good profit season.

A rebalance in the portfolio is expected along with the rise in Sensex for all the traders and investors.

(Source: Money Control)

Market Wrap Up Today- (Dated: 4^th 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.

Gainers for today’s session were ZEE Entertainment and Maruti Suzuki and losers were Tata Steel, JSW Steel and Adani Ports.

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: 3^rd 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: 31^st 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.

The top gainers for the day were Bharti Airtel and Reliance Industries. Losers were Sun Pharma, SBI and Bajaj Finserv.

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 1^st 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 1^st 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: 28^th 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: 27^th 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.

Market gains were mainly enforced by the banking sector lead by HDFC, Axis Bank, SBI and ICICI Bank. Major losers for the day were Reliance and Infosys.

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: 26^th 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.

Top gainers for the day were mainly from the auto sector being Tata Motors, Hero Motocop and IndusInd Bank. Losers for the session were Bharti Airtel, Britannia and Asian paints.

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: 25^th 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.

Gaining scripts for the day are State Bank of India, ICICI Bank and losers are Tata Steel and Nestle India.

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: 24^th 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 gainers for the day were IndusInd Bank, Bajaj Finance and HDFC Bank. The losers were Tech Mahindra, Adani Ports and M&M.

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: 21^st 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.

The scripts that drove Sensex today were HDFC bank, Asian paints and NTPC. And the losers for the day were Infosys, Bharti Airtel and TCS.

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: 20^th 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 gainers for the day were ONGC, Coal India and PowerGrid and losers were HDFC, Axis Bank and ICICI Bank.

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 19^th 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.

The gainers for the day were Zee Entertainment, Maruti Suzuki and Tech Mahindra and losers were ONGC, Wipro and Coal India.

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: 18^th 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.

The gainers for the day were Grasim, JSW Steel and Zee Entertainers. The losers were BPCL, Cipla and Tech Mahindra.

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: 17^th 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.

Gainers for the day were Bajaj Finance, Maruti Suzuki and Kotak Mahindra. Losers for the day were Tata Motors, SBI and Bharti Airtel.

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: 14^th 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

The gainers for today’s trading sessions was Coal India, Cipla and NTPC. Losers were Tata Motors, M&M and Bajaj Finance.

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: 13^th 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: 13^th August 2020)

Closing bell today (Dated: 12^th August 2020)

On 12^th 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.

Nifty gainers for the day were mainly from the auto sector being Eicher Motor, Tata Motor and Tech Mahindra. And losers were Cipla, Dr. Reddy Labs and BPCL.

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.

Motherson Sumi announced its quarter result that lead the script to rally 8% in one day. Adani Ports also gained 3% after attractive quarterly results.

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: 12^th August 2020)

Market Wrap Up Today: (Dated: 11^th 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.

(Source: Moneycontrol)

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 7^th 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 6^th August 2020, the market closed higher than expected mainly because of the repo rate remaining unchanged that is at 4% by the RBI.

Sensex was up by 362.12 points and Nifty was up 98.50 points at its closing. Which means Nifty closed at 11,205 levels and sensex closed at 38025 levels.

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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