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Month: July 2020

Market wrap up for the day

Market wrap up for the day

The BSE Sensex made a low 11.57 points or -0.03% and hit 38,128 level while the NSE Nifty made 21.30 points or -0.19% low and hit an 11,194 level. Bank Nifty index has made negative 421.85 points or -1.83% and hit 22,662 level. HCL TECH, RELIANCE, TECHM, SUN PHARMA, and INDUSINDBK were among major gainers on the Nifty, while losers were ZEEL, HINDALCO, AXIS BANK, SBIN, and GAIL. Nifty Chart Price Gainers & Losers OI Gainers & Losers Our Top…

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Market action for the day

Market action for the day

Equity benchmarks — Sensex and Nifty — resumed their upward march on July 23, supported by gains in select heavyweights, including Reliance Industries, ICICI Bank, Kotak Mahindra Bank, ITC and State Bank of India (SBI). The Sensex ended the day 269 points, or 0.71 percent, higher at 38,140.47 and the Nifty closed 83 points, or 0.74 percent, up at 11,215.45. According to pivot charts, the key support level for the Nifty is placed at 11,132.53, followed by 11,049.57. If the…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex made a high 268.95 points or 0.71% and hit 38,140 level while the NSE Nifty made 82.85 points or 0.74% high and hit an 11,215 level. Bank Nifty index has made positive 201.30 points or 0.88% and hit 23,083 level. EICHER MOTOR, ICICI BANK, SBIN, TECHM, and RELIANCE were among major gainers on the Nifty, while losers were AXIS BANK, SHREECEM, HINDUNILVR, TCS, and INFY. Nifty Chart Price Gainers & Losers OI Gainers & Losers Our Top…

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Market action for the day

Market action for the day

Benchmark indices snapped their five-day winning streak to end lower on July 22 led by a spike in US-China tensions and surge in coronavirus infections globally. The Sensex ended the day 59 points, or 0.16 percent, lower at 37,871.52 and the Nifty closed 30 points, or 0.27 percent, lower at 11,132.60. The Nifty formed a bearish candle on the daily scale, although it has been respecting its rising support trend line and holding above its 200-day Exponential Moving Average (EMA)….

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex made a low 58.81 points or -0.16% and hit 37,871 level while the NSE Nifty made 29.65 points or -0.27% low and hit an 11,132 level. Bank Nifty index has made positive 100 points or 0.44% and hit 22,882 level. AXIS BANK, TITAN, POWER GRID, ITC, and NTPC were among major gainers on the Nifty, while losers were HEROMOTOCO, HINDUNILVR, TATA MOTORS, BPCL, and TATA STEEL. Nifty Chart Price Gainers & Losers OI Gainers & Losers Our…

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Market action for the day

Market action for the day

Headline indices — Sensex and Nifty — rose for the fifth consecutive day on July 21 supported by positive global cues after European Union leaders reached an agreement on a massive stimulus plan to combat the coronavirus pandemic. Reports of successful progression of COVID-19 vaccine trials also boosted sentiment. Positive quarterly earnings provided additional support to the Indian market. The Sensex ended the day with a gain of 511 points, or 1.37 percent, at 37,930.33 and the Nifty closed 140…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex made a high 511.34 points or 1.37% and hit 37,930 level while the NSE Nifty made 140.05 points or 1.27% high and hit an 11,162 level. Bank Nifty index has made positive 460.15 points or 2.06% and hit 22,782 level. POWER GRID, IOC, BPCL, EICHER MOTORS, and MARUTI were among major gainers on the Nifty, while losers were BAJFINANCE, BAJAJFINSV, BRITANNIA, INFRATEL, and CIPLA. Nifty Chart Price Gainers & Losers OI Gainers & Losers Our Top Advises…

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Market action for the day

Market action for the day

Extending gains into the fourth consecutive session, equity benchmarks — Sensex and Nifty — closed with healthy gains on July 20. The Nifty reclaimed the 11,000-mark as strong results by HDFC Bank, HCL Technologies and Britannia Industries boosted market sentiment. The Sensex ended the day with a gain of 399 points, or 1.08 percent, at 37,418.99 and the Nifty closed 121 points, or 1.11 percent, higher at 11,022.20. According to pivot charts, the key support level for the Nifty is…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex made a high 398.85 points or 1.08% and hit 37,418 level while the NSE Nifty made 120.50 points or 1.11% high and hit an 11,022 level. Bank Nifty index has made positive 355.05 points or 1.62% and hit 22,321 level. BRITANNIA, WIPRO, INFY, TECHM, and HCL TECH were among major gainers on the Nifty, while losers were SUN PHARMA, CIPLA, ZEEL, BPCL, and TATA MOTORS. Nifty Chart Price Gainers & Losers OI Gainers & Losers Our Top…

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Market action for the day

Market action for the day

On account of Friday’s healthy gains, the market gained for the fifth consecutive week as Sensex and Nifty rose 1.2 percent each for the week. On Friday, Sensex ended 548 points, or 1.50 percent, higher at 37,020.14 and Nifty settled with a gain of 162 points, or 1.51 percent, at 10,901.70. While the COVID-19 cases are continuously rising, the market is rallying on liquidity boost and hopes of a vaccine. In the coming week, with no major event, experts feel…

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