Nifty 50 experienced some selling yesterday due to some profit booking at higher levels in Banking and IT sector, pulling down the index to close at 21462, losing around -0.37% in the process. Major losers were ICICI bank (-1.54%), ITC (-1.43%) and Tech Mahindra (-1.10%). As effect of last week’s FED’s decision wanes off, some … Read more
Nifty 50 experienced volatility last week as it experienced selling pressure at higher levels and some buying at demand zones, as a result, Nifty futures closed at 16601 with a gain of 1.62%. The bullish trend was supported by Reliance Industries, IT sector stocks, and Metal stocks. Reliance Industries gained around 7.94%. Among the IT … Read more
Nifty 50 experienced volatility last week as both buyers and sellers were in search of any direction, as a result Nifty futures closed at 16326 with a minuscule gain of 0.53%. The index was supported by banking, service, and auto sectors which gained around 3.9%,2.3%, and 3.2% respectively over the week. Among the heavyweights in … Read more
Nifty 50 experienced buying at major support (as expected) last week as it failed to breach the level of 15740-720 and experienced some buying to close the week with a weekly gain of 3.07%. The weekly rally in the index was supported by banking, pharma and metal stocks. Among the heavyweights in these specific sectors … Read more
Nifty 50 continued to experience weakness as it followed global equity markets which are experiencing selling pressure. Last week Nifty lost around 4.2% mainly due to heavy selling experienced in banking/finance, auto and pharma stocks. Among the heavyweights, Bajaj Finance & Bajaj Finserv lost 10.06% and 8.52% respectively, Eicher motors fell by 10.18% and Divi’s … Read more