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Share Market Closing Note
Nifty below 21,700, Sensex down 170 pts; mid, smallcap outperform:
On the sectoral front, healthcare, FMCG, oil & gas, PSU Bank ended in the green, while some selling is seen in the auto and banking names.
Indian benchmark indices ended lower in the highly volatile session on January 1 with Nifty below 21,700.
Nestle India, Adani Enterprises, Adani Ports, Tech Mahindra and Wipro were among the top gainers on the Nifty, while losers included Eicher Motors, Bharti Airtel, M&M, Bajaj Auto and HDFC Bank.
On the sectoral front, healthcare, FMCG, oil & gas, PSU Bank ended in the green, while some selling is seen in the auto and banking names.
Broader indices outperformed the main indices, with BSE Midcap and Smallcap added 0.5 percent each.
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Topic :- Tme:3.00 PM
Once again nifty tested all time high but with low volume today. Sentiments are still bullish and we can see more upmove in coming sessions followed by minor correction.
Nifty spot if manages to hold and close above 21780 level then expect some further upmove in coming sessions and close below above mentioned level will result in some sluggish movement.
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Topic :- Time:2.40 PM
Just In:
Balrampur Chini sees ₹25 crore extra income from C-heavy molasses price increase
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Topic :- Time:2.30 PM
SILVER Trading View:
SILVER is trading at 74362. If it manages to trade and sustain above 74400 level then expect some upmove in it and if it breaks and trade below 74280 level then some decline can be seen in it.
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Topic :- Time:2.25 PM
Just In:
Auto Sales In December 2023: Maruti Suzukis Sales Cross 20 Lakh-Mark In Calendar Year
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Topic :- Time:2.20 PM
Stock Trading View:
PVR INOX future is trading at 1676. If it manages to trade and sustain above 1678 level then expect some good upmove in it and it is likely to test 1690-1700 levels in 1-2 sessions and if it breaks and trade below 1660 level then some decline can be seen in it.
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Topic :- Time:2.00 PM
Finally nifty is gaining momentum and is moving high on the first trading session of 2024. Nifty spot if manages to trade and sustain above 21800 level then expect some further upmove in the market and if it breaks and trade below 21740 level then some decline can be seen.
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Topic :- Time:1.30 PM
NATURALGAS Trading View:
NG is trading at 214.40. If it manages to trade and sustain above 214.60 level then expect some further upmove in it and if it breaks and trade below 213.80 level then some decline can follow in Naturalgas. Trade in less quantity due to less movement today.
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Topic :- Time:1.20 PM
Just In:
Karur Vysya Bank Business Update: Total deposits up 12.8%, advances up 17.1% YoY
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Topic :- Time:1.10 PM
Just In:
1. Covid cases in India : Karnataka records 922 Covid cases this week, Mysore Zoo takes precautions to stop spread.
2. Tsunami warning issued as magnitude 7.4 earthquake hits Japan
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Topic :- Time:1.00 PM
Nifty is trading flat due to lack of trigger and less volume. Nifty spot if manages to trade and sustain above 21755 level then expect some upmove in the market and if it breaks and trade below 21720 level then some decline may follow. Avoid big trades due to no movement.
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Topic :- Time:12.50 PM
Just In:
Zomato hits highest orders in a day on New Years Eve, delivery partners receive over ₹97 lakh in tips
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Topic :- Time:12.45 PM
Just In:
HUL signals first steps to regain market share from small players
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 731.50.If it manages to trade and sustain above 732 level then expect some upmove in it and if it breaks and trade below 730 level then some decline can be seen in the market.
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Topic :- Time:12.00 PM
Market is trading flat most of the global major markets are closed today. MCX will close today at 5.00 PM.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex starts 2024 flat, falls over 100 points
2. Bajaj Auto logs 16% Y-o-Y boost in Dec sales on high domestic demand
3. All but pvt banks rise in trade; JBM Auto up 11%, Vi 8%
4. BHEL rallies 5% on reports of outbidding L&T in NLCs Rs 19,422-cr Odisha project
5. Vodafone Idea shares extend rally, rise 10% on talks of equity infusion
6. Delhi govt to extend its electric vehicle policy for another three months
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 01 Jan,2024:
Sharetipsinfo wishes everyone a very Happy and Prosperous new year. Lets welcome Year 2024 on high note and make it a highly profitable year.
On Monday, expect less volume and movement in the market. Stock specific action will be there.
Nifty spot if manages to trade and sustain above 21780 level then expect some upmove in the market and if it breaks and trade below 21680 level then some decline can be seen.
Please note this is just opening view and should not be considered as the view for the whole day.
Kindly visit this section during live trading session for more updates.
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