Benchmark index traded volatile before closing with 1.49% cut at 16984 level. - Monarch Networth Capital
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/2c3e95a48ecfea130df083b0e7649e04.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
MARKET OVERVIEW
* Benchmark index traded volatile before closing with 1.49% cut at 16984 level. Banking index performed better than the benchmark index as it closed with 0.97% cut at 38712 level
* India VIX closed with 4.42% gain at 20.49 level
* Among Sectors, FIN SERVICES index outperformed the benchmark index as it closed with 0.97% cut while REALITY and METAL index underperformed the benchmark index as they closed with 3.07% and 2.20% cut respectively. Broader market lagged the benchmark index as both MIDCAP and SMALLCAP index closed with 1.61% cut and 1.47% cut respectively.
* Advance/Decline ratio was in favour of declines and cash turnover was higher than 5-day average. FII were net sellers while DII were net buyers in the cash segment
* European markets (DAX) closed lower while US markets (DJIA) closed higher yesterday. Asian Markets are largely trading lower today.
Intraday Market Outlook
* Benchmark index is likely to trade volatile today with support at 16800 - 16700 level and resistance at 17100 - 17200 level
* Banking index is likely to trade in line with benchmark index today with support at 38300 - 38000 level and resistance at 39000 - 39300 level
* BIOCON has closed below 21EMA with bearish candlestick formation and is likely to continue its negative momentum today as well.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TechMahindra23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/powersector25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fsdkfjeljweoir.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nirmalasitharaman230717.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_9477.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/global29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar 30.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
![Daily Market Commentary : Nifty closed higher for the sixth straight day with gains of 93 points (+0.5%) at 19820 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/009b2b15289ce4f7e143526434c946d5.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _9.jpg)
Perspective on markets by Mr. Jaykrishna Gandhi, Emkay Global Financial Services
![Equity benchmarks concluded monthly expiry session on a subdued note tracking mixed global cues - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/2028ccdb26904b4388d049cda622a694.jpg)
![Quote on Bank Nifty : The key support levels to watch out for are 44000 and 43700 Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/74720287ae678f23cc7976f3e750700d.jpg)
![Nifty opened with an upward gap but witnessed selling from the opening tick - Jainam Share Consultant](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/5f1a9d04b1287fd8e62ba73c46051c8a.jpg)