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Market Outlook: Flat closed market, know how it can be on February 14 – Market Outlook Market Closed Flat Know how it may move on February 14

Stock market: On 13 February, the Indian benchmark index closed flat and the Nifty was above 23000. At the end of the trading session, the Sensex fell 32.11 points or 0.04 per cent to close at 76,138.97 and the Nifty fell 13.85 points or 0.06 per cent to close at 23,031.40. Around 1781 shares rose, 2010 shares declined and 127 shares did not change. Tata Steel, Sun Pharma, Bajaj Finance, Cipla and Bajaj Finserv Nifty were among the most profitable shares. While Adani Enterprises, Hero MotoCorp, Adani Ports, Infosys and ONGC declined the biggest. The midcap index flat closed, while the smallcap index declined by 0.4 per cent.

Talking about sectoral indexes, media, metal, pharma, realty gained 0.5-1 percent, while auto, FMCG, IT, Consumer Durables, PSU bank fell by 0.3-1 percent.

Vinod Nair, research head of Geojit Financial Services Says that the market got a good boom in the beginning, inspired by softening in domestic inflation figures. But this fast was lost due to uncertain global signals and weak corporate results. In addition, China’s technology shares were seen jumping due to increasing interest in Ortificial Intelligence. Due to which FIIs were seen coming out of our markets in search of more attractive returns. The market is now eyeing the results of Trump-Modi discussion. If any trade or tariff convention is available in this conversation, then our markets will be accelerated.

Pharma Stocks: Put bets on good valuation and strong fundamental pharma shares, stay away from fast broken shares – Gurmeet Chadha

Aditya Gaggar director of progressive shares It is said that in today’s business, there was a stir of inverted V shape in the market. Initially there was a slight decline in the index, but soon it rapidly climbed up to touch the level of 23,200. After being in a limited range near this level, there was a sudden decline. In this decline, the index came in all its lead and red mark. The Nifty finally closed down 13.85 points to close at 23,031.40. Today Pharma and Metal sector performed best, while IT and PSU banks lagged behind. Midcap retained its lead while Smallcap closed in a red mark.

On the Daily Chart, the index continuously formed Daisy Candlestick (long legged doji and then Gravstone Dozi). These indications of uncertainty. Now for Nifty, resistance at 23,200 and support at 22,800 is visible. The direction of the market will be clear only when it breaks on or on any side of this range.

Disclaimer: The ideas given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Money control advises users to seek the advice of certified experts before taking any investment decision.

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