Dear traders,
The pre-opening session of the market begins with the Nifty and Sensex indicating a negative start today. The SGX Nifty is at 5311, down 36 points. Normal trading will start at 9.15 am.
The Indian market opens for trade this morning on a negative note as indicated by global cues. Earlier, the US markets ended lower with the Dow Jones losing 276 and Nasdaq 52 odd points while Asia is mixed at this hour. Sensex is trading at 17612, down 92 points from its previous close, and Nifty is at 5298, down 28 points. CNX Midcap index is down 0.3% and BSE Smallcap index is up 0.04%. The market breadth is negative with advances at 169 against declines of 364 on the NSE.
After a gap-down start, the market is still trading in the red with pressure being applied by FMCG, capital goods, metals and autos. Sensex is at 17629, down 75 points from its previous close, and Nifty is at 5301, down 25 points. CNX Midcap index is up 0.2% and BSE Smallcap index is also up 0.2%. The market breadth is positive with advances at 606 against declines of 574 on the NSE.
The trend of the market is still strong and if the Nifty is able to sustain above 5300 then we could be headed towards 5500,Otherwise, the market could continue to stay within the range of 5400 and 5200
The market should find strong support at 5280 and could give a closing around 5320-5340.
The market is now trading lower and the Sensex is at 17590, down 114 points from its previous close, and Nifty at 5288, down 37 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.3%. The market breadth is negative with advances at 592 against declines of 734 on the NSE.
Weakness persists in the market with the benchmark indices trading with moderate losses. Sensex is at 17570, down 134 points from its previous close, and Nifty is at 5281, down 44 points. CNX Midcap index is down 0.2% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 548 against declines of 831 on the NSE.
Going forward, the market is likely to trade with an upward bias,The Nifty will settle at a bottom level of 5250-5200. We believe November-December would be good for global and Indian equities and sees PSU banks valuations reflecting lower end of prices.
The pre-opening session of the market begins with the Nifty and Sensex indicating a negative start today. The SGX Nifty is at 5311, down 36 points. Normal trading will start at 9.15 am.
The Indian market opens for trade this morning on a negative note as indicated by global cues. Earlier, the US markets ended lower with the Dow Jones losing 276 and Nasdaq 52 odd points while Asia is mixed at this hour. Sensex is trading at 17612, down 92 points from its previous close, and Nifty is at 5298, down 28 points. CNX Midcap index is down 0.3% and BSE Smallcap index is up 0.04%. The market breadth is negative with advances at 169 against declines of 364 on the NSE.
After a gap-down start, the market is still trading in the red with pressure being applied by FMCG, capital goods, metals and autos. Sensex is at 17629, down 75 points from its previous close, and Nifty is at 5301, down 25 points. CNX Midcap index is up 0.2% and BSE Smallcap index is also up 0.2%. The market breadth is positive with advances at 606 against declines of 574 on the NSE.
The trend of the market is still strong and if the Nifty is able to sustain above 5300 then we could be headed towards 5500,Otherwise, the market could continue to stay within the range of 5400 and 5200
The market should find strong support at 5280 and could give a closing around 5320-5340.
The market is now trading lower and the Sensex is at 17590, down 114 points from its previous close, and Nifty at 5288, down 37 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.3%. The market breadth is negative with advances at 592 against declines of 734 on the NSE.
Weakness persists in the market with the benchmark indices trading with moderate losses. Sensex is at 17570, down 134 points from its previous close, and Nifty is at 5281, down 44 points. CNX Midcap index is down 0.2% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 548 against declines of 831 on the NSE.
Going forward, the market is likely to trade with an upward bias,The Nifty will settle at a bottom level of 5250-5200. We believe November-December would be good for global and Indian equities and sees PSU banks valuations reflecting lower end of prices.
No comments:
Post a Comment