Domestic benchmark equity indices finished flat on Monday, despite volatility during the day. The 30-share BSE Sensex ended flat below 63,000 level at 62,970, down 9.37 points or down 0.01% while the Nifty also closed at 18,691.20 level, up 25.70 points or 0.14%.
Domestic benchmark equity indices finished flat on Monday, despite volatility during the day. The 30-share BSE Sensex ended flat below 63,000 level at 62,970, down 9.37 points or down 0.01% while the Nifty also closed at 18,691.20 level, up 25.70 points or 0.14%.
After sliding in the previous two trading days, equity benchmark indexes rose in early trade on Monday, led by buying in index heavyweights ITC, ICICI Bank, and Infosys.
After sliding in the previous two trading days, equity benchmark indexes rose in early trade on Monday, led by buying in index heavyweights ITC, ICICI Bank, and Infosys.
The Nifty Midcap 100 gained 0.92%, while the Nifty Smallcap gained 0.62%, outperforming the benchmark indices. On the sectoral front, Nifty PSU (down 0.18%) and Nifty Oil & Gas (down 0.07%) were the laggards, while Nifty Auto (up 1.15%), Nifty Pharma (up 1.53%), and Nifty Healthcare (up 1.51%) were among the top gainers.
The Nifty Midcap 100 gained 0.92%, while the Nifty Smallcap gained 0.62%, outperforming the benchmark indices. On the sectoral front, Nifty PSU (down 0.18%) and Nifty Oil & Gas (down 0.07%) were the laggards, while Nifty Auto (up 1.15%), Nifty Pharma (up 1.53%), and Nifty Healthcare (up 1.51%) were among the top gainers.
Asian stocks sank on Monday as a short-lived violence in Russia added to the uncertainty surrounding Ukraine’s conflict. Benchmarks fell in Tokyo, Sydney, Hong Kong, and Shanghai, but gained in Seoul.
Asian stocks sank on Monday as a short-lived violence in Russia added to the uncertainty surrounding Ukraine’s conflict. Benchmarks fell in Tokyo, Sydney, Hong Kong, and Shanghai, but gained in Seoul.
The Nikkei 225, Japan’s benchmark index, fell about 0.3% to 32,698.81. The Kospi in South Korea rose 0.5% to 2,582.20. The Hang Seng in Hong Kong fell 0.2% to 18,853.18, while the Shanghai Composite, which reopened after a holiday, fell 1.5% to 3,150.62. The S&P/ASX 200 index in Australia fell 0.3% to 7,078.70.
The Nikkei 225, Japan’s benchmark index, fell about 0.3% to 32,698.81. The Kospi in South Korea rose 0.5% to 2,582.20. The Hang Seng in Hong Kong fell 0.2% to 18,853.18, while the Shanghai Composite, which reopened after a holiday, fell 1.5% to 3,150.62. The S&P/ASX 200 index in Australia fell 0.3% to 7,078.70.
Top Nifty Gainers and Losers
As many as 35 stocks settled in the green in the Nifty index while the rest 15 ended in red.
Shares of Cipla (up 3.48%), Adani Enterprises (up 3.06%), Hero MotoCorp (up 2.64%), Tata Consumer (up 2.50%) and UPL (up 1.82%) ended as top gainers. On the other side, Power Grid Corporation of India (down 0.82%), Tata Consultancy Services (down 0.82%), Reliance Industries (down 0.78%), NTPC (down 0.75%), and Coal India (down 0.71%) were among the laggards.
Shares of Cipla (up 3.48%), Adani Enterprises (up 3.06%), Hero MotoCorp (up 2.64%), Tata Consumer (up 2.50%) and UPL (up 1.82%) ended as top gainers. On the other side, Power Grid Corporation of India (down 0.82%), Tata Consultancy Services (down 0.82%), Reliance Industries (down 0.78%), NTPC (down 0.75%), and Coal India (down 0.71%) were among the laggards.
Experts’ Views on Markets
According to Prashanth Tapse, Senior Vice President of Research at Mehta Equities, Nifty’s biggest support seen at 18555 support. Below 18555, supports exists only at 18371 mark.
Experts’ Views on Markets
According to Prashanth Tapse, Senior Vice President of Research at Mehta Equities, Nifty’s biggest support seen at 18555 support. Below 18555, supports exists only at 18371 mark.
Nifty’s 200 DMA at 17929 mark. Traders will keep a close eye on Oil prices ($69 a barrel) after Russia related uncertainty over the weekend, raising concerns about political instability in one of the world’s largest oil producers that could hamper supply. The paramilitary group Wagner advanced toward Moscow on Saturday before retreating as a deal with the Russian government was struck to end the insurrection.
Nifty’s 200 DMA at 17929 mark. Traders will keep a close eye on Oil prices ($69 a barrel) after Russia related uncertainty over the weekend, raising concerns about political instability in one of the world’s largest oil producers that could hamper supply. The paramilitary group Wagner advanced toward Moscow on Saturday before retreating as a deal with the Russian government was struck to end the insurrection.
While a good news for Indian markets, as per IMD the Monsoon deficiency has down to 28% from 47% in a week which means a buy on dip is around the corner.
While a good news for Indian markets, as per IMD the Monsoon deficiency has down to 28% from 47% in a week which means a buy on dip is around the corner.
However, markets would remain cautious and volatile week as June F&O series expiry is scheduled on Thursday, June 29.
However, markets would remain cautious and volatile week as June F&O series expiry is scheduled on Thursday, June 29.
“The global market exhibited a negative bias as concerns regarding economic growth emerged in light of the political instability in Russia. This instability led to an increase in oil prices, driven by worries over potential supply disruptions, given Russia’s status as one of the largest oil producers.
“The global market exhibited a negative bias as concerns regarding economic growth emerged in light of the political instability in Russia. This instability led to an increase in oil prices, driven by worries over potential supply disruptions, given Russia’s status as one of the largest oil producers.
On the domestic front, the market experienced limited downside as the pharma and auto sectors provided support. Additionally, mid and small-cap stocks were seen recovering their positions following a recent sell-off, indicating a regained investor confidence in these segments,”Vinod Nair, Head of Research at Geojit Financial Services.
On the domestic front, the market experienced limited downside as the pharma and auto sectors provided support. Additionally, mid and small-cap stocks were seen recovering their positions following a recent sell-off, indicating a regained investor confidence in these segments,”Vinod Nair, Head of Research at Geojit Financial Services.
Technical Views
“The Bank NIFTY index continues to witness a battle between the bulls and bears. It has support at the 43400 level, while the resistance is observed at 44000, where the highest call writing is visible. If the index breaks down below the 43400 level, it may experience further correction toward the 42000 mark. The overall undertone of the index remains neutral, and a break on either side of the support or resistance level will confirm a clear trend,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
Technical Views
“The Bank NIFTY index continues to witness a battle between the bulls and bears. It has support at the 43400 level, while the resistance is observed at 44000, where the highest call writing is visible. If the index breaks down below the 43400 level, it may experience further correction toward the 42000 mark. The overall undertone of the index remains neutral, and a break on either side of the support or resistance level will confirm a clear trend,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
