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Share Market Closing Note
Indian shares slipped on Wednesday, dragged by information technology (IT) stocks as sentiment remained weak after a lacklustre start to the quarterly earnings season.
The Nifty 50 fell 0.16% to 17,632.50, as of 10:42 a.m. IST, while the S&P BSE Sensex lost 0.17% to 59,623.09.
Nine of the 13 major sectoral indexes declined. High weightage financials was little changed while IT stocks fell over 1%.
HCLTech and Infosys lost nearly 2% each, topping the list of Nifty 50 losers. HCLTech will report its quarterly earnings on Thursday.
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Topic :- Time:3.00 PM
Nifty spot if holds above 17560 level on closing basis then expect some pull back in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to continue in coming sessions.
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Topic :- Time:2.30 PM
SILVER Trading View:
SILVER is trading at 74280. It is trading in deep red. Silver if breaks and trade below 74180 level then expect some further decline in it and if it manages to trade and sustain above 74400 level then some pull back can follow in Silver.
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Topic :- Time:2.10 PM
Nifty is declining and is trading at 17600. If it breaks and trade below 17580 level then some further fall can be seen and above 17640 level some pull back can follow. 17580 spot is acting as immediate support for Nifty.
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Topic :- Time:1.50 PM
Just In:
Infosys share price continues to fall for 3rd straight day post weak Q4 show
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Topic :- Time:1.00 PM
Nifty spot is trading at 17650.If it manages to trade and sustain above 17680-17700 levels then some upmove can be seen in it and if it breaks and trade below 17620 level then some decline can further follow in the market.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 775.45. If it breaks and trade below 774.80 level then expect some decline in it and if it manages to trade and sustain above 776.40 level then some upmove can follow in Copper.
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Topic :- Time:12.15 PM
Just In:
As per UN report India is now worlds most populous country.
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Topic :- Time:12.10 PM
Just In:
The week-long disruption to Blinkits operations in the Delhi NCR region due to delivery partners protest over a new pay structure have caused no material impact on the financial performance, with a hit of less than one percent in revenue, the quick commerce companys parent Zomato said in a stock exchange filing on Wednesday.
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Topic :- Time:12.00 PM
Nifty is trading in a small range. Traders should wait for some movement in the market. Nifty spot if manages to trade and sustain above 17680-17700 levels then expect some upmove in the market and if it breaks and trade below 17640 level then some decline can be seen in the Nifty.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex down 100pts; IT index slips 1%, metal stocks upbeat
2. BEML Land Asset shares list on bourses
3. Tatas Air India may partner foreign biggies to bid for erstwhile unit
4. India reimposes windfall tax on local crude output
5. India logs 10,542 Covid cases in a day
6. PSU banks list assets for sale to NARCL
7. Bajaj Electricals lights up after huge block deal
8. ICICI Lombard Q4 net profit rises 40%
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 19 April,2023:
Nifty to remain volatile and is expected to follow global cues.
Nifty spot if manages to trade and sustain above 17700 level then expect some upmove in the market and if it breaks and trade below 17600 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.