• Among sectoral indices, PSU Banks and Realty declined the most. Only 3 indices closed in the green
Indian benchmark indices - Nifty, Sensex - closed flat on February 21 with a negative bias amid high volatility in the absence of any strong cues. The market has been trading in a range recently. The minutes of the US Fed's last meeting are expected on February 22.
At the close, the BSE Sensex was down 18.82 points, or 0.03%, at 60,672.72, while the Nifty was down 17.90 points, or 0.1%, at 17,826.70.
BSE
+ Add to Watchlist
0.000.00 (0.00%)
updated - null
0.00
high day
0.00
day less
0.00
Vol (BSE)
The market breadth was also negative with an advance-to-decline ratio of 2:3 on the NSE.
Among the sectoral indices, PSU Bank and Realty index declined the most. Only 3 indices closed in the green.
PSU banks are the top loser, while energy sector is the top gainer.
“In the intraday sessions, Nifty managed to trade below 17,900 mark after hitting the day's high of 17,924.90 in morning trade and remained lower throughout the day. Rohan Shah, Principal Technical Analyst, Stoxbox, said Nifty is taking support at 17,830 multiple times.
“Intraday traders can look for long opportunities only above 17,890 level on Wednesday and the price should sustain above 17,890 for 15 minutes to confirm for longs. Traders can look to short only when Nifty again breaks 17,800 and stays below for 15 minutes to confirm the short.
NTPC, POWERGRID RIL and Tata Steel were top gainers on the Sensex, on the other hand Tata Motors, Sun Pharma, UltraTech Cement and TCS were top losers.
Tata Motors
+ Add to Watchlist
436.55-6.30 (-1.42%)
Updated - 21 February 2023
445.95
high day
435.50
day less
2,83,217.00
Vol (BSE)
A total of 179 stocks hit 52-week low on BSE today, including names like Aarti Drugs, Adani Green, Adani Transmission, Bata India, Coffee Day, IPCA Labs etc.
“The market traded volatile in a narrow band and ended almost unchanged, taking a breather after the recent decline. After a flat start, the Nifty index oscillated between 17800-17925 levels and finally settled closer to the day's low. Most sectoral indices were trading under pressure, with IT, realty and select banking stocks showing maximum losses. Ajit Mishra, VP - Technical Research, Religare Broking said, The broader indices also declined by around half a per cent.
“Recent price action shows indecision among participants amid mixed signals and the move is largely in sync with global peers. Amidst all this, it is important for Nifty to sustain around 17700 levels to keep the recovery hopes alive. In the meantime, we feel it is prudent to limit the situation in the present scenario and wait for clarity."
No comments:
Post a Comment