Dear Trader…
The Sensex, after touching an intra-day high of
81,177.93, closed at 80,501.99, up by 259.75 points or 0.32 per cent. Meanwhile,
the Nifty rose 12.50 points or 0.05 per cent to settle at 24,346.70, after
moving between 24,238.50 and 24,589.15 during the session. Among the top
gainers on the Nifty were Adani Ports, IndusInd Bank, Bajaj Finance, SBI, Maruti
Suzuki India, and Tata Steel. On the other hand, major losers included JSW
Steel, Eicher Motors, Bajaj Auto, Hero MotoCorp, HDFC Life and Nestle.
Sector-wise performance was mixed. Media, energy,
IT, and oil and gas stocks saw some gains, rising between 0.3 to 0.7 per cent. However,
sectors like power, metal, telecom, pharma, realty and consumer durables
declined between 0.5 to 2 per cent. The BSE Midcap index fell by 0.4 per cent,
while the Smallcap index closed flat, showing limited action in broader markets.
However, investors remained cautious due to
rising geopolitical tensions between India and Pakistan, which limited further
upside. With significant price movements on both sides of the trade. In the
currency market, the Indian rupee ended slightly lower at 84.56 per dollar,
compared to Wednesday’s close of 84.49.
Nifty futures opened at 24399 points against the
previous close of 24418 and opened at a low of 24310 points. Nifty Future
closed with an average movement of 408 points and a decline of around 17 points
and 24400 points…!!
On the NSE, the midcap 100 index will decline 0.78% and smallcap 100 index is closing decline 0.04%. Speaking of various sectoral indices Oil &
Gas, Media, IT, PSU Bank and Financial Services stocks were saw gains on the
NSE, while all other sectoral indices closed lower.
At the start of intra-day trading, June gold
opened at Rs.92835, fell from a high of Rs.93443 points to a low of Rs.92370 with
a rise of 662 points, a trend of around Rs.93001 and May Silver opened at Rs.94242,
fell from a high of Rs.94242 points to a low of Rs.93480 with a rise of 219 points,
a trend of around Rs.93802.
Meanwhile,
The Nifty ends 1.2 percent higher, while the
Sensex was up by 1300 points. Among sectors, the Defense index outperformed,
rallying over 6 percent, whereas the Media index shed 1.70 percent. During the
week, the market comfortably traded above the 200-day SMA (Simple Moving
Average). Technically, it has formed a bullish candle on weekly charts and is
also holding an uptrend continuation formation on daily charts, which is
largely positive.
Technically,
the important key resistances are placed in Nifty future are at 24400 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 24474 – 24530 levels. Immediate support is placed at 24088 –
24008 levels.
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