Nifty
Positive Global Signals Propel Notable Gains in Nifty, with IT and Realty Stocks in the Lead
All sectors concluded the day in positive territory, with Realty, IT, and Auto emerging as the top performers.
Nifty Records the Most Significant Month-on-Month Decline in 2023 during October
Several factors contributed to this volatility, including the Israel-Palestine conflict and sharp FII outflows in the last two months, although these outflows were offset by stronger DII inflows.
Nifty declined by 2.8% in October
Going forward, US Fed policy outcome, which is due on Wednesday, would provide cues to the market.
Nifty encountering resistance at higher levels
Mid-session recovery did not last for long as another round of selling especially in banks dragged the index much lower to settle at 19,079.60 with a loss of 61.30 points.
Nifty ends higher for second consecutive day
At close, Nifty was up 0.49 per cent or 93.7 points at 19140.9. Volumes on the NSE were the lowest since October 9, said Deepak Jasani, Head of Retail Research, HDFC Securities.
Reliance Industries leads Sensex gains
The other major factor impacting the markets -- the elevated US bond yields -- also will remain a short term concern since the Fed is likely to continue its hawkish stance in the light of the resilience of the US economy and inflation (3.7 per cent) remaining above the Fed’s target. So watch out for the Fed’s message on November 1 even while it holds the rate as the market expects, he said.
Nifty snaps six-day losing streak
At close, Nifty was up 1.01 per cent or 190 points at 19,047.25, while the Sensex closed at 63,782.80, up 635 points or 1.01 per cent.
Sentiment in Bank Nifty remains predominantly bearish, say analysts
The index appeared somewhat oversold, leading to a pullback on Friday. However, the sentiment remains predominantly bearish, and any upward movements may still face selling pressure, he said.
Short-term trend of Nifty continues to be negative, say analysts
While Nifty closed 281 points down at 18,841, Sensex fell 900 pts to close 63,148.
Nifty sinks below 19K to four-month low
While Nifty tanked 257 points to a four-month low, Sensex plunged 900 points to settle at 63,148 levels, he said.
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