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On Tuesday, at close, BSE Sensex was trading 126.41 points up at 61,294.20 and NSE Nifty was trading 35.10 points up at 18,232.55
New Delhi: Much to experts’ predictions, Indian benchmark indices opened on a grim note today taking cues from SGX Nifty and other weak global sentiments including Dow Jones Industrial Average, S&P 500, Nasdaq Composite, and Russell 2000 Index.
However, both Sensex and Nifty erased losses as the day progressed. Again, during mid-day trade, both the indices had fallen into the red zone, however, investors’ enthusiasm carried them above to settle at comfortable levels.
On Tuesday, at close, BSE Sensex was trading 126.41 points up at 61,294.20 and NSE Nifty was trading 35.10 points up at 18,232.55
“Markets were slightly volatile and moved in a range with a positive bias as investors resorted to select buying due to absence of cues from the US markets, which were shut on Monday. Surprisingly, European indices and other select Asian peers notched up significant gains and it failed to enthuse local traders in a big way. However, the trend may reverse soon as key catalyst like reports of US minutes of the meeting will be released this week. Technically, positive consolidation formation on daily charts and higher bottom formation on intraday charts is indicating the continuation of an uptrend wave in the near future. For traders 18150 would be the trend decider level. Above which, the index could rally till 18300-18350. On the flip side, below 18150 uptrend would be vulnerable and below the same the index could slip till 18050-18025”, said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
“USDINR spot closed 14 paise higher at 82.88, highest close since October 19th. Strong demand for USD from importers, oilers and FPIs drove USDINR higher. Market will be nervous going into Fed minutes tomorrow night. We expect USDINR to trade with a positive within a range of 82.70 nd 83.25 on spot,” said Anindya Banerjee, VP – Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd.
SENSEX TOP GAINERS
- Axis Bank: 2.18 per cent
- Titan Company: 1.87 per cent
- TCS: 1.63 per cent
- Tech Mahindra: 1.38 per cent
- Sun Pharma: 1.34 per cent
- IndusInd Bank: 1.01 per cent
SENSEX TOP LOSERS
- M&M: -0.83 per cent
- Reliance: -0.70 per cent
- HUL: -0.69 per cent
- Tata Steel: -0.67 per cent
- Asian Paints: -0.59 per cent
- ITC: -0.53 per cent
NIFTY TOP GAINERS
- HDFC Life: 4.44 per cent
- SBI Life Insurance: 2.29 per cent
- Axis Bank: 2.20 per cent
- Titan Company: 1.86 per cent
- TCS: 1.53 per cent
NIFTY TOP LOSERS
- Hindalco: -1.47 per cent
- Britannia: -1.17 per cent
- M&M: -1.07 per cent
- JSW Steel: -0.95 per cent
- Grasim: -0.82 per cent
- Reliance: -0.73 per cent
