IGI Logo

Nifty 

* Nifty began the week on a volatile note but ended nearly flat amid mixed cues.

* Sectoral performance was mixed, with realty, metal, and IT showing a rebound, while weakness in banking and financials capped gains.

* Banking sector performance will be crucial in the coming sessions, making it an important area to monitor for market cues.

* With the 21,800-22,000 support zone in focus, a cautious approach is advisable until further clarity emerges.

Bank Nifty

* The banking index started the week on a feeble note and lost nearly half a percent.

* Mixed trend was witnessed among the banking majors wherein Sbin, Federalbnk, Canbk saw some recovery while Hdfcbank, Axisbank experienced profit booking.

* The index slipped towards the support of its swing low around 47800 and bounced back marginally.

* Going ahead, it would be crucial to watch the levels of 47800-47500, in order to mitigate any further declines.

* Till then, adopt a cautious approach and avoid aggressive bets.

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330