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Stock Market Trading Wrap Up For 08 May,2024

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Share Market Closing Note


Sensex, Nifty ends flat; Tata Motors, PowerGrid, NTPC, L&T top gainers:


On BSE, 2133 stocks advanced, 1661 declined, and 132 remained unchanged. Nifty Oil & Gas led gainers with a 1.7% rise, followed by Nifty Metal and Auto, each up by 1.48%. However, Nifty Private Bank witnessed the steepest decline, down by 0.8%.



Following a morning dip, Indian markets saw a modest recovery, with the Sensex slipping 0.06% (45 points) to close at 73,466.39 points, while the Nifty remained unchanged at 22,302.50 points.



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Topic :- Time:3.00 PM


Nifty spot if manages to close above 22280 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish move may follow in the market. Avoid open positions for tomorrow.


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Topic :- Time:2.10 PM


Nifty spot if breaks and trade below 22280 level then expect some decline in it and if it manages to trade and sustain above 22320 level then some upmove can be seen in the market.


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Topic :- Time:2.00 PM


Delta Corp to participate in ₹765 crore real estate platform for redevelopment in Mumbai



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Topic :- Time:1.40 PM


Just In:

Bharat Forge net profit surges 59.3%, revenue gains 16% in Q4




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Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 70940. If it breaks and trade below 70900 level then expect some more decline in it and if it manages to trade and sustain above 70980 level then some upmove can be seen in it.


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Topic :- Time:1.00 PM


Nifty is likely to turn more volatile soon. Nifty spot if manages to trade and sustain above 22350 level then expect some further upmove in the market and if it breaks and trade below 22300 level then some decline can follow. Currently Nifty spot is trading at 22332.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 854.80. If it breaks and trade below 854 level then expect some decline in it and if it manages to trade and sustain above 855.50 level then some upmove can follow in it.


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Topic :- Time:12.00 PM


Nifty spot is trading flat. Nifty spot if manages to trade and sustain above 22320 level then expect some upmove in it and if it breaks and trade below 22280 level then some decline can be seen in it.


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Topic :- Time:11.30 AM


News wrap Up:

1. Sensex falls 200 points, Nifty below 22,300

2. New gold in market? Vedanta boss says these minerals are precious

3. Paytms lenders may cause it severe financial stress

4. Aadhar Housing IPO Opens

5. Chinas solar panel giants say prices near the bottom

6. Voltas bulls get cold burns, money managers queasy about Kalyan, operators serve BHEL, school reopening game in Camlin

7. Sensex, Nifty fall for 4th day, may remain in consolidation as election risk looms

8. Zomato-backed Shiprocket wants to move higher in e-commerce value chain

9. Phase 3 turnout at 64.5% vs 66% in 2019, but gap smaller than first two phases

10. Global car giants seek allies in Chinas EV market


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