Below the Quote On Pre-market comment by Deven Mehata, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open Positive on SEPT 12, following GIFT Nifty trends indicating a gain of 130 points for the broader index.
After a gap up opening Nifty can find support at 25,000 followed by 24,900 and 24,800. On the higher side, 25,150 can be an immediate resistance, followed by 25,250 and 25,300.
The charts of Bank Nifty indicate that i...
Pre-market comment Deven Mehta, by Choice Broking
Market Review:
Indian markets took a significant hit on Wednesday, with the Nifty50 closing below 24,950. The early-afternoon high of 25,113 was shortlived as sectors like oil & gas, PSU banks, and metals faced selling pressure. The S&P BSE Sensex slipped 398.13 points or 0.49% to 81,523.16. The Nifty 50 index declined 122.65 points or 0.49% to 24,918.45.
Nifty Technical Outlook
Nifty is expected to open gap up and likely to witness positive move during the day. On technical ...
The early-afternoon high of 25,113 was shortlived as sectors like oil & gas, PSU banks, and metals faced selling pressure - Nirmal Bang Ltd
Below the Quote on Post Market comment by Mandar Bhojane, Research Analyst, Choice Broking
On the daily chart, the Nifty is taking support from a rising trend line and has formed a bearish candle. The Nifty has strong support near the 24,800 level. If it breaks this level, it could potentially correct down to 24,600 and 24,400 in the short term. On the flip side, 25,200 acts as a resistance level, and the price may remain sideways within a wide range of 24,800 to 25,200.
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Post Market comment by Mandar Bhojane, Research Analyst, Choice Broking
The Indian equity markets closed in the red on Wednesday due to weak global sentiments.
At closing, Sensex was down 398 points, or 0.49 per cent, at 81,523 and Nifty was down 122 points, or 0.49 per cent, at 24,918.
Selling was led by banking stocks. Nifty Bank was down by 262 points, or 0.51 per cent, at 51,010.
In the Sensex pack, Tata Motors, SBI, Wipro, NTPC, L&T, M&M, JSW Steel, IndusInd Bank, Tata Steel, and Reliance were the top losers.
Asian Paints, Bajaj Fin...
Sensex closes down by 398 points, Tata Motors and SBI top losers
Below the Quote On Pre-market comment by Deven Mehata, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open flat on SEPT 11, following GIFT Nifty trends indicating a gain of 5 points for the broader index.
Nifty can find support at 25,000 followed by 24,900 and 24,800. On the higher side, 25,150 can be an immediate resistance, followed by 25,250 and 25,300.
The charts of Bank Nifty indicate that it may get support at 51,...
Pre-market comment Deven Mehta, by Choice Broking
Indian equity indices closed in the green on Tuesday due to a rally in the IT stocks.
At closing, Sensex was up 361 points or 0.44 per cent at 81,921 and Nifty was up 104 points or 0.42 per cent at 25,041.
Buying was also seen in the midcap and large-cap stocks. Nifty midcap 100 index was up 691 points or 1.19 per cent at 59,039 and Nifty smallcap 100 index was up 220 points or 1.15 per cent at 19,317.
Among the sectoral indices, IT, pharma, metal, auto, realty and energy were ...
Sensex closes up by 361 pts, IT stocks lead
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
The markets extended their rebound, gaining nearly half a percent, supported by a recovery in global indices. Despite a slight dip after the gap-up opening, buying interest in select heavyweight stocks across sectors helped push the Nifty higher. Key sectors, led by IT and pharma, contributed to the rise, while broader indices also saw a strong recovery, each gaining around 1%.
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Daily Market Analysis : The markets extended their rebound, gaining nearly half a percent, supported by a recovery in global indices Says Mr. Ajit Mishra, Religare Broking Ltd
