Tag: indian equty market

MARKET UPDATE:Sensex hovered around 51,000 and Nifty gave up the 15,300 level

Thursday, May 27, 2021
The markets in India traded little differently from yesterday's closing in early deals today(27th May 2021), ahead of the May series F&O expiry later in the day. The S&P BSE Sensex hovered around 51,000,the psychological level that the benchmark index reclaimed in the previous session. The broader Nifty50 index, meanwhile, gave up the 15,300 level. Tech Mahindra gained 1 percent and was the top Sensex gainers, followed by TCS (up 0.8 percent). On the other hand, Asian Paints, Bajaj Finserv, and IndusInd Bank fell 1 percent, each. The Nifty sectoral indices were mixed, with the nifty IT index, up 1.6 percent, leading the gainers. In the broader markets, the S&P BSE MidCap and SmallCap indices tracked their benchmark peers and also traded flat. Read more

Nifty needs to top and hold 8,550 to confirm bottom

Thursday, March 26, 2020
Indian equity market staged a stellar rebound on Wednesday, 25th March in line with the global markets. The rally, which was fuelled by massive short covering, took Nifty back inside the crucial 7,850-8,550 zone. The market made a shaky start, as the index rapidly pared its opening gains. After that, the 50-stock pack traded in a capped zone but stayed volatile. However, the second half of the session saw the market gaining ground again, as the index finally ended with a gain of 516.80 points or 6.62 percent at 8,317.85. Read more