Indian equity indices made a smart recovery from the day's lows and closed flat on Tuesday, following robust budget announcements.
At closing, Sensex was down 73 points or 0.09 per cent, at 80,429 and Nifty was down 30 points or 0.12 per cent, at 24,479.
During the trading session, the Sensex touched a high of 80,766 points and a low of 79,224 points. Nifty touched a high of 24,582 points and a low of 24,074.
In the Sensex pack, Titan, ITC, NTPC, Infosys, HCL Tech, HUL, and...
Sensex recovers after robust budget, Titan and ITC top gainers
Below the Quote on Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices ended marginally lower in a volatile session on July 23. At the close, the Sensex was down 73.04 points or 0.09 percent at 80,429.04, and the Nifty was down 30.30 points or 0.12 percent at 24,479.00.
On Budget day, the Nifty fell almost 500 points from its day high. However, post-budget, the Nifty recovered 470 points from its day low, indicating ...
Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open positive on July 23, following GIFT Nifty trends indicating a gain of 30 points for the broader index.
Nifty can find support at 24,450 followed by 24,400 and 24,300. On the higher side, 24,600 can be an immediate resistance, followed by 24,800 and 25,000.
The charts of Bank Nifty indicate that it may get support at 5...
Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
Nifty Outlook
The MACD histogram exhaustion and the potential formation of an Evening Star candlestick on the weekly timeframe suggest buildup of weakness. This technical setup could lead the index towards the 24,130 - 24,000 levels, which may initially serve as a base for reversal attempts. However, a breach below 24,000 could lead to further downside risks, with the next support zone lying between 23,055 - 23,000. On the Budget Day, heightened volatility is expected, with 24,620 - 24,370...
Market Watch : Brace for Budget Day volatility - Geojit Financial Services Ltd
Below the Quote on Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices ended marginally lower in a volatile session on July 22. At close, the Sensex was down 79.43 points or 0.10 percent at 80,525.22, and the Nifty was down 21.60 points or 0.09 percent at 24,509.30.
The Nifty, after a gap-down opening, rebounded from the day's low, rallying 231 points and finally settling higher at 24,515.9. The 24,400 level acts as a...
Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on market by Krishna Appala, Sr. Research Analyst, Capitalmind Research
“In the past week, Nifty has recorded a slight gain of 0.3%, driven by strong performances and positive growth forecasts from IT majors TCS, Infosys, and HCL Tech. As we approach the budget next week, the spotlight is on key sectors: Capital Goods, Defence, ESM, and Tourism. The market anticipates a continuation of last year's incentives, maintaining the status quo.
Capital G...
Quote on Market by Krishna Appala, Sr Research Analyst, Capitalmind Research
Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets experienced profit-taking and shed nearly a percent, erasing the gains of the previous trading session. After a flat start, the Nifty gradually declined throughout the day, ultimately closing near the day's low at 24,530.90 level. Most sectors ended lower, with metals, realty, and energy being the top losers. The broader indices also faced pressure, dropping ov...
Daily Market Analysis : Markets experienced profit-taking and shed nearly a percent, erasing the gains of the previous trading session Says Mr. Ajit Mishra, Religare Broking Ltd