Thursday, February 2, 2023
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sensex today: Market Watch: Will Nifty break the 18,000 barrier now? | The Economic Times Podcast

Welcome to ETMarkets Watch, your every day wrap-up to the day on Dalal Road. I’m Nikhil Agarwal.

After being within the inexperienced zone for 2 days, panic gripped Dalal Road at this time as the brand new 12 months occasion fizzled out forward of the discharge of US Federal Reserve minutes tonight. Fairness indices closed within the pink on Wednesday owing to heavy promoting throughout all sectoral indices.

The BSE Sensex ended 636 factors or 1.04% decrease at 60,826, and Nifty 50 closed with cuts of 190 factors or 1.04% at 18,127. Traders have been left poorer by Rs 2.96 lakh crore because the market capitalisation of all BSE- listed corporations declined to Rs 281 lakh crore.

From the Sensex pack, Tata Metal, Tata Motors, Wipro and Energy Grid have been the highest losers, falling over 2%. Infosys, HDFC Financial institution, Reliance, HDFC, IndusInd Financial institution and ITC additionally closed decrease.

However, Maruti and TCS are the one shares that managed to shut with beneficial properties. Sectorally, the Nifty Realty fell 2.27% and Nifty Steel declined 1.24%. Auto, banks, monetary companies, pharma, client durables, oil & fuel, FMCG and IT shares additionally closed with cuts. Whereas, within the broader market, Nifty Midcap50 declined 1.23% and Smallcap50 1.07%.

Earlier Asian markets ended on a blended word, Japan’s Nikkei 225 fell 1.45%, whereas China’s Shanghai Composite surged 0.22% and South Korea’s Kospi rose 1.68%.

The rupee edged larger in opposition to the greenback on Wednesday, propped up by a slide in oil costs and the greenback index. The rupee ended at 82.80 per greenback, having firmed to as a lot as 82.75 through the session. The Brent crude March futures declined 2.29% to $80.22 per barrel.
The market breadth was skewed in favour of bears. About 2,266 shares declined, 1,228 gained and 133 remained unchanged.

Mr Nagaraj Shetti of HDFC Securities mentioned the brief time period development of Nifty appears to have reversed down after a small pullback rally. Additional weak spot from right here might take Nifty right down to the latest swing low of 17775 ranges within the brief time period. He mentioned any pullback rally might discover resistance round 18150 ranges.

That’s all for now. Do take a look at for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Get pleasure from your night. Bye Bye.

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