Today, there is an enthusiasm of buying in the stock market. Talking about the Nifty climbing stocks, Tech Mahindra has gained more than 4%. On the other hand, the share of Bank of Baroda was up by more than one percent. At the same time, Cipla has a great speed. On the other hand, if you talk about falling stocks, then there is a trend of decline in Asian Paints, Power Grid and NTPC.
Nifty’s FMCG index was up 2.5 percent, auto index 1.6 percent, metal index 1.7 percent, and pharma index climbed 1.2 percent, as the market today gained the most strength from FMCG, auto, metal and pharma stocks. Banking stocks also saw strong buying after the initial profit recovery in today’s trade, and at the turn of the close.
Today, there has been a sharp decline in domestic markets. Sensex and Nifty have a weakness of 0.7 percent. In this atmosphere of weakness, the Nifty today broke the crucial level of 9900, the Sensex also slipped below 32000. In today’s trading, the Nifty dived to 9893, while the Sensex slipped to 31731.9. Finally, the Nifty closed around 9910, while the Sensex closed close to 31800.
Mid-caps and small cap stocks have also been beaten strongly. BSE’s mid-cap index has dropped by 1.7 percent, while the mid-cap 100 index of Nifty also has a weakness of 1.7 percent. BSE’s Small cap index closed 1.9 percent lower.
BSE’s 30-share index Sensex fell 216.4 points, or 0.7 percent, to close at 31,798 level. The NSE’s 50-share index Nifty closed at 9908 with a weak 70.5 point, or 0.7 percent. Bank Nifty closed 0.9 percent down at 24,375 level.
REC: (181) Buy considering 178.50 a solid support keeping stop loss of 175. Upward side it’ll spurt up to 190 & thereafter to 206.
MOTHERSON SUMI: (340.25) Buy considering 337 a solid support keeping stop loss of 334. Upward side it’ll spurt up 349, 356 & 369.
REL CAP: (780) Buy considering 774 & 765 solid supports keeping stop loss of 751. Upward side it’ll spurt up to 793 & 807.
Stock Market observed volatility on the day of RBI’s credit policy. The 0.25 percent reduction in interest rates by the RBI has disappointed the market. The Nifty slips below 10100, while the Sensex has come down to 32500. In today’s trading, the Nifty have touch record high of 10137.85, while the Sensex also reached record high of 32686.48.
Even mid-caps and small cap stocks have seen a sell-off. BSE’s mid-caps index closed 0.3 percent lower, while the mid-cap index of the Nifty 100 index closed flat. BSE’s small cap index closed 0.1 percent with a weakness.
FMCG, IT, banking, auto, pharma and capital goods stocks have seen the highest turnover. Nifty’s FMCG Index has declined 1 percent, IT index 0.7 percent, Auto index 0.3 percent and Pharma index 0.7 percent. BSE’s Capital Goods index closed 0.8 percent lower.
The BSE 30-share index Sensex closed at a level of 32,477, down 98 points, or 0.3 percent. NSE’s 50-share index Nifty closed 33 points i.e. 0.3 percent down at 10,081.5. Bank Nifty closed at 25,055 level with a weakness of 0.25 percent.
@ Buy MRPL Future above 121 targets 122, 123.2 Stop loss 119.8.
@ Buy BHEL Future above 145 targets 146, 146.9 Stop Loss 144.
@ Buy Yes Bank Future above 1860 targets 1873, 1884 Stop Loss 1844.
@ Sold Voltas Future below 504 Targets 501.8, 500.2 Stop Loss 506.4.
Tata Elxsi: Buy Tata Elxsi intraday Target – 1820-1830 Stop Loss 1750.
Cholamandalam Investment and Fin: buy Cholamandalam for Intraday at current level 1183 targets 1205, 1225 Stop Loss 1171.
IDFC: Buy IDFC Stop loss Under 58 and Targets Rs 62
Interglobe Aviation: Buy for Intraday at 1255 targets 1283, 1297 Stop loss 1241.
Lupin: Sold lupin 1090 targets 1075, 1060 Stop Loss 1113.
you can Also buy for Intraday India Cements , Cholamandalam Investment,Interglobe Aviation,Sintex Industries, TVS Motors and book profit today.
There has been spectacular growth in the domestic markets today. In this fast-moving environment, the Nifty reached the record level of 10000, while the Sensex was stronger than 250 points. Finally, the Nifty closed at 9670, while the Sensex closed above 32200. Sensex and Nifty have gained 0.5 percent Today.
Even Mid-caps and Smallcap Stocks have seen good shopping. BSE’s mid-cap index has climbed up to 0.25 percent, while the mid-cap 100 Index of Nifty has gained 0.25 percent. BSE’s smallcap index also rose by 0.25 percent.
BSE’s 30-share index Sensex closed at 32,246, with 217 points i.e. 0.7 percent. On the other hand, NSE’s 50-share index Nifty closed 51 points, which is 0.5 percent higher at 9,666.4. Bank Nifty closed at a level of 24,421 with the strength of 0.7 percent.