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Share Market Closing Note
Sensex down 354 pts, Nifty below 21,800; bank, FMCG drag, auto, metals shine:
Benchmark indices ended lower in the volatile session on February 5 with Nifty below 21,800.
At close, the Sensex was down 354.21 points or 0.49 percent at 71,731.42, and the Nifty was down 82.10 points or 0.38 percent at 21,771.70. About 1528 shares advanced, 1858 shares declined, and 103 shares unchanged.
Top losers on the Nifty included UPL, Bharti Airtel, Bajaj Finance, HDFC Life and Grasim Industries, while gainers were Tata Motors, Coal India, BPCL, Sun Pharma and Cipla.
On the sectoral front, bank, capital goods, Information Technology and FMCG down 0.3-0.9 percent, while auto, pharma, metal, oil & gas and realty up 1 percent each.
The BSE midcap and smallcap indices ended on flat note.
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Topic :- Time:3.00 PM
Sudden selling is griping market now. Nifty spot if holds above 21720 level on closing basis then expect some further upmove in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be witnessed in coming sessions. Avoid open positions for tomorrow.
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Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 62278. If it breaks and trade below 62220 level then expect some further decline in it and if it manages to trade and sustain above 62340 level then some upmove can be seen in Gold.
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Topic :- Time:2.15 PM
Just In:
Jharkhand Chief Minister Champai Soren proves majority in assembly with support of 47 MLAs.
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Topic :- Time:2.00 PM
Nifty is sideways to positive with very less movement right now. Nifty spot if manages to trade and sustain above 21940 level then expect some quick upmove and if it breaks and trade below 21900 level then some decline can be seen in the market.
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Topic :- Time:1.50 PM
Just In:
Park IPO: Issue fully booked on day 1; retail, NII portion sees strong demand
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Topic :- Time:1.00 PM
Nifty is trading in a range with positive bias. Nifty spot if manages to trade and sustain above 21960 level then expect some further upmove in the market and if it breaks and trade below 21920 level then some decline can follow. 21900-21880 to act as immediate support for now.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 722. If it manages to trade and sustain above 723.50 level then expect some upmove in it and if it breaks and trade below 721 level then some decline can follow in Copper.
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Topic :- Time:12.00 PM
Nifty is trading with minor gains however it is flat now. Nifty spot if manages to trade and sustain above 21920 level then expect some upmove in the market and if it breaks and trade below 21880 level then some decline can be seen in the Nifty.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex, Nifty trade marginally higher; UPL, Bharti Airtel drag
2. Hyundai Motor India may launch Indias largest IPO ever this Diwali
3. Russias energy elite, Indian govt officials try to keep oil flowing
4. Fuel retailers post Rs 69K cr profit in Apr-Dec, higher than pre-oil crisis
5. Tata Motors zooms 7% on beating the Street with 137% surge in Q3 profit
6. SBI Q3 results miss estimates on one-time loss.
7. Paytm stock crashes another 10%, hits lower circuit again; loses over 42% in 3 days
8. Ambanis eyeing Paytm wallet? Jio Fin shares jump 4%
9. Park Hotels IPO
10. Paytm at near record low. Investors lose ₹20,500 crore
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Topic :- Share Market Opening Note
Indian Stock Market Trading View For 05 Feb,2024:
Sentiments are again positive in the market. PSU companies are outshining at the moment. On Monday SBIN will be dictating trend.
For Monday:
Market will remain volatile, traders should trade as per market trend. Nifty spot if manages to trade and sustain above 21900 level then expect some upmove in the Nifty and if it breaks and trade below 21800 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.
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