Sensex snaps 4-day

Sensex snaps 4-day:  After opening gap-down with a loss of over 500 points, the BSE Sensex sought support from Reliance Industries, Bharti Airtel, ITC, and NTPC to end 414 points off lows on Wednesday.

Amid a subdued global mood, the 30-pack index shut shop at 53,027, down 150 points or 0.28 percent. The Nifty50 index, meanwhile, closed at 15,799, down 51 points or 0.32 percent.

HDFC Life, HUL, Apollo Hospitals, Axis Bank, Tata Consumer Products, Bajaj Finserv, and UPL were the major draggers, down up to 4.5 percent.

In the broader markets, the BSE SmallCap index settled a wee bit in the red, while the BSE MidCap index fell 0.7 percent. Sectorally, most of the indices closed with losses barring the Nifty Oil and Gas index (up 0.9 percent). The Nifty IT, Bank, and FMCG indices dropped over 1 percent each.

Sensex Snaps 4-Day Winning Run, Slips 150 Points In Volatile Trade, Nifty Settles Below 15,800

RIL succession plan: Stock may hit a new high the stock has been gradually sailing along with the 50-weekly moving average (WMA), since May 2020. The 200-WMA is currently placed at the Rs 2,464 level. And as long as this support average is not violated with an aggressive sell-off, the stock is likely to see accumulation on corrective moves, according to the weekly chart set-up.

Nifty tech view: Trend may remain sideward to a bit negative in the near term

Nifty witnessed a lackluster trading session before ending with some losses.

On the lower end, 15,650-15,700 acted as support for the day.

On the higher end, it found resistance around the previous close.

The trend is likely to remain sideward to a bit negative for the near term.

Any fall below 15,650 might pave the way for a serious correction in the market. Resistances on the higher end are placed at 15,900/16,000.

Sensex snaps 4-day losing run, rises 428 pts; Nifty holds 16,450; RIL up 3%

Views by Rupak De, a Senior Technical Analyst at LKP Securities

Closing view: Consumer confidence on rapid decline amid the uncontrolled rise in inflation

Consumer confidence is declining rapidly due to the uncontrolled & constant rise in inflation.

India had to bear the double whammy effect of a dampening global equity market and rising crude prices as major suppliers like Saudi are unable to boost the output in the short term.

However, the domestic market was able to recover most of the losses due to the strong movement of index heavyweights, PSUs, Metals, and Oil & Gas stocks before slipping some gains by the end of the day due to the volatile global market.

Views by Vinod Nair, Head of Research at Geojit Financial Services.

 4-Day Losing Run, Climbs 428 Points, Nifty Settles Above 16,450

New Delhi: 

Indian equity benchmarks settled higher in see-saw trade on Thursday, halting their losing run of four straight sessions. The domestic indices turned positive, led by gains in energy, pharma, and technology stocks. Index heavyweight Reliance Industries also supported the surprise upward move.

The 30-share BSE Sensex rose 428 points or 0.78 percent to close at 55,320 today, while the broader NSE Nifty moved 122 points or 0.74 percent up to settle at 16,478.

Mid- and small-cap shares finished on a strong note as Nifty Midcap 100 jumped 0.49 percent lower and small-cap climbed 0.21 percent

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09-Jun-2022 — The S&P BSE Sensex surged 427.79 points (0.78 per cent) to end at 55,320.28 while the Nifty 50 rose 121.85 points (0.74 per cent) to settle a

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2 days ago — The 30-share BSE Sensex fell 150 points or 0.28 per cent to close at 53,027 today, while the broader NSE Nifty moved 51 points or 0.32 per cent 

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2 days ago — The Sensex opened gap-down and touched the day’s lowest level at 52612 before making some recovery in the afternoon session.

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09-Jun-2022 — Powered by a rally in index heavyweight Reliance Industries, equity benchmark Sensex broke its four-session losing run to close above the

 

 

 

 

 

 

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