Dear
Trader…
The 30-share BSE benchmark Sensex surged
123 points or 0.20% to settle at 62,969. The broader NSE Nifty rose 35 points
or 0.19% to end at 18,713.
From the Sensex pack, ITC, Bajaj Finserv,
Kotak Bank, and Bajaj Finance were the top gainers, rising 1-2%. Axis Bank, HCL
Tech, Wipro, UltraTech Cement, and Maruti also closed with gains. On the flip
side, Tata Steel, Tech Mahindra, Sun Pharma, Nestle, L&T, and SBI closed
with losses.
Shares of RVNL ended with a 5% lower circuit
after the railway PSU firm reported a decline in net profit in Q4. Meanwhile,
Jubilant Pharmova closed over 7% after the firm’s net loss widened sequentially
to Rs 98 crore in the March quarter.
Sectorally, Nifty FMCG rose 0.59% and Nifty
Media gained 0.68%. Whereas, Nifty Auto and Nifty Metal also closed lower. In
the broader market, Nifty Midcap100 gained 0.25%, while Smallcap100 rose 0.22%.
The market breadth was skewed in the favour
of the bears. About 1,795 stocks declined, 1,700 gained, and 119 remained
unchanged on the BSE.
Global Markets –
Asian stocks lost early gains on Tuesday as
relief that a possible default by the US government had been averted gave way
to concern that the deal to suspend its debt ceiling was a compromise that
would have negative consequences.
Hong Kong’s Hang Seng Index climbed 0.31%
at the open but tumbled to be down 0.82% later in the session, extending its
recent slide to a new low this year. China’s CSI300 Index was down 1.16%.
Nifty
futures opened at 18660.00 points
against the previous close of 18673.70 and opened at a low of 18654.05 points. Nifty Future closed with an average movement of 89 points and a rise of
around 39.90 points
and 18713.00
points…!!
On
the NSE, the midcap 100 index will up 0.22% and small cap 100 index is closing up 0.25%.
At
the start of intra-day trading, JUNE gold opened at Rs.59401 fell from a high of Rs.59949 points to a low of Rs.59225 with a rise of 369 points,
a trend of around Rs.59783 and JULY Silver opened at Rs.71000, fell from a high of Rs.71448 points to a low of Rs.70484 with a decline of 125 points,
a trend of around Rs.71000.
Meanwhile,
The domestic market
continued its rally as recent Q4 results indicated improvement in demand.
Further, expectations of a normal monsoon and a drop in international commodity
prices support a rise in the margin profile.
Technically, the
important key resistances are placed in Nifty future are at 18713 levels, which
could offer for the market on the higher side. Sustainability above this zone
would signal opens the door for a directional up move with immediate
resistances seen at 18808 – 18880 levels. Immediate support is placed at 18676 –
18575 levels.
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