Stock Market Highlights: Sensex, Nifty Snap Five-Day Losing Streak

The benchmark indices ended flat submit a excessive volatility session on 23rd February. Metal sector outperformed.

At shut, the Sensex was up 7.09 factors or 0.01 per cent at 49,751.41 and the Nifty was up 32.10 factors or 0.22 per cent at 14,707.80. About 1657 shares have superior, 1213 shares declined and 158 shares are unchanged.

On the Nifty 50 index, Tata Steel (6.54 per cent), Tata Motors (6.40 per cent), ONGC (5.55 per cent), Hindalco Industries (5.36 per cent) and UPL (4.94 per cent) have been amongst main gainer, whereas losers have been Kotak Mahindra Bank (-3.93 per cent), Maruti Suzuki (-1.64 per cent), Bajaj Auto (-1.49 per cent), Adani Ports (-1.75 per cent) and Divi’s Labs (-1.38 per cent).

On the sectoral entrance, all of the sectoral indices aside from Nifty Pharma and Nifty Bank resulted in inexperienced led by Nifty Metal which was up by 3.89 per cent.

The BSE Midcap and Smallcap indices have been up 0.98 per cent and 0.74 per cent respectively.

Author’s View: Nifty kinds a Doji candle on a every day chart after 5 consecutive bearish candles which might point out a small time period development reversal. If Nifty closes above 14,800 we could transfer in direction of 15,000 degree. 

Disclaimer:  The view/s expressed above are just for instructional/consciousness objective. or the creator of the submit bears no legal responsibility for any losses suffered by following any recommendation posted on the web site. You are solely chargeable for making your individual funding selections.

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