Stock market: The Indian equity index has closed down on 5 February. The Nifty has come below 23,700. At the end of the trading, the Sensex fell 312.53 points or 0.40 per cent to close at 78,271.28 and the Nifty closed at 23,696.30 with 42.95 points or 0.18 foci. Today around 2470 shares rose, 1345 shares declined and 130 shares did not change. The most damaged shares of Nifty include Asian Paints, Titan Company, Nestle India, HUL, Britannia Industries. While the shares in profit included Hindalco Industries, ONGC, Apollo Hospitals, BPCL, Adani Ports.
FMCG, consumer durables, all other index, except realty and auto, closed in green mark. Oil and gas, metal, media, energy and PSU bank gained 1–1.8 percent. The Nifty Midcap index gained 0.7 percent and the Nifty Smallcap index increased by about 2 percent.
Vinod Nair, research head of Geojit Financial Services Says that there was a limited scope in a negative environment in the domestic market. Investors are excited by a favorable budget on the one hand. At the same time, Tariff War is scared of global uncertainties. The decline in American bond yield and softening in crude oil prices has supported the market. But the weakness of the rupee is neutralizing all these good factories.
The RBI has a focus on sensitive sectors towards interest rates before a possible cut in interest rates. Meanwhile, large-cap stocks are seen in good condition. They are getting the benefit of good valuation.
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Aditya Gaggar director of progressive shares The market says that the market opened strongly today, but at the level of 23,800, resistance was faced and the market trend was reversed from here. At the end of the trading, the Nifty closed at 23,696.30 with a loss of 42.95 points. Media and energy stocks performed well, while Realty and FMCG sectors saw a decline of more than 1.5 per cent. Small and small stocks increased. Due to this, the mid and smallcap index performed better than benchmark index. The Nifty faced the registration at 23,780. Where both the failing veg pattern and 50DMA are located. This level is now working as immediate resistance. While important support at 23,520 at the bottom. This is the market of “buy on the fall”. In which there is a good possibility of going to the Nifty to 24,000 when the resistance of 23,780 is broken.
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