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The benchmark indices corrected for second consecutive session on Friday on weak global cues. The Nifty50 fell 142.70 points or 0.95 percent to close at 14,938.10, while the BSE Sensex was down 440.76 points or 0.87 percent at 50,405.32.
All sectoral indices closed in the red with PSU Bank index down 4 percent. The broader markets also corrected, underperforming benchmark indices. The Nifty Midcap 100 index was down 2.15 percent and the Smallcap 100 index declined 1.55 percent.
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Topic :- Time:1.30 PM
GOLD Trading View:
GOLD is trading at 44330.If it manages to hold above 44210 level then it is likely to show quick upmove and is expected to test 44500 levels quite soon. Buy on every decline till it holds above 44210 is recommended in it.
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Topic :- Time:1.10 PM
Nifty is trading in a range. Nifty spot if manages to trade and sustain above 15050 level then expect some further upmove and below 15000 level some decline can be seen in the market.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 680.70.If it breaks and trade below 680.40 level then expect some decline in it and it will face resistance to upmove at 683 level.
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Topic :- Time:12.00 PM
Nifty is trading in tight range. Nifty spot if breaks and trade below 15000 level then expect some further decline in the market and above 15020 level some upmove can be seen however 15050 spot will act as immediate resistance to watch out for.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Indices off early lows, Sensex down 150 pts; financials dip
2. GST can make fuel cheaper by up to Rs 20 and Rs 25 per litre
3. Cognizant announces bonus higher than 2019, promotes 24,000 employees
4. Coronavirus LIVE: India cases at 11,173,761; more than 10.8 mn vaccinated
5. Issuers cancel planned bond sales as yields surge over rise in govt borrowings
6. China hikes defence budget to $209 billion, 6.8 per cent increase
7. Heranba Industries lists at 44% premium over issue price of Rs 627
8. UltraTech crosses Rs 2 trillion m-cap, zooms 77% in 6 months
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