After The Bell: Profit-booking hits D-St, here’s what investors should do on Friday
The Nifty has to continue to hold above 14,000-14,050 to witness a fresh move towards 14,250 then 14,400-14,500 zones, while on the downside, major support exists at 14,000 and 13,900. January 07, 2021 / 04:47 PM IST
Profit-booking hits D-Street on January 7, pushing the Nifty in the red after hitting a record high of 14,256 in the intraday trade. The S&P BSE Sensex, too, failed to hold on to gains and closed 80 points down at 48,093. The Nifty ended 8.9 points lower at 14,137.
Sectorally, action was seen in metals, telecom, capital goods as well as realty, while profit-taking was seen in FMCG, IT, power and healthcare stocks.
Share Market Highlights: Sensex ends 263 points lower, Nifty at 14,146; NTPC, Asian paints, M&M top losers January 07,2021 09:24 IST
Sensex, Nifty Highlights on January 5: After opening at record highs, market indices turned volatile and closed lower on Wednesday, tracking cues from mixed global equities. Sensex fell by 263 points to 48,174 and Nifty closed 53 points lower at 14,146. Sensex earlier opened 190 points higher at 48,592 and Nifty gained by 41 points to 14,240. During early session today, Sensex hit a lifetime high of 48,616 and Nifty rose to a new high of 14,244. Yesterday, Sensex ended 260 points higher at 48,437 and Nifty gained by 66 points to 14,199. On the currency front, Indian rupee appreciated 3 paise to 73.14 against the US dollar on Wednesday s opening trade, tracking most Asian currencies amid concerns about more lockdowns in major economies.
After The Bell: Weak global cues halts bull run; what should investors do on Thursday?
In the near-term, trend of the broad market will depend a lot on FII inflows while stock specific actions will be based on Q3 result, which is about to pick up, suggest experts. January 06, 2021 / 04:31 PM IST
Indian market which hit a fresh record high on Wednesday witnessed profit-booking tracking weakness in global markets as investors priced in the prospect of a so-called “blue wave” kind of scenario.
A so-called “blue wave” would give more scope for President-elect Joe Biden to act on his reform plans including the new COVID-19 stimulus, but it could also mean higher corporate taxes and more regulations on the technology behemoths that led Wall Street’s recovery from a coronavirus-driven crash last year, said a Reuters report.
NEW DELHI: Nifty50 on Friday settled above 14,000 level for the first time after trading in a narrow range. The index formed a bullish candle on the daily and weekly charts. It has been forming higher highs and lows for the past seven sessions now. Analysts said the index can attempt to move towards 14,200 level and find firm support near the 13,800 level.
“Nifty has been forming higher lows since last seven sessions. Now it has to hold above the 13,850 level to witness a fresh rally towards 14,200 level. Major supports stand at 13,777 and 13,700 levels, said Chandan Taparia of Motilal Oswal Securities.
For the day, Nifty closed at 14,018, up 36.75 points or 0.26 per cent.
Sensex ends at record high, Nifty nears 14K; Maruti, Titan, L&T, RIL top gainers
Maruti, M&M, Titan, L&T, RIL, HUL were among the top gainers, while ITC, Sun Pharma, SBI, TCS were among top losers. Sectorally, gains in realty, metal, auto, FMCG and IT were capped losses in pharma, private and public bank and financials
BusinessToday.In | December 30, 2020 | Updated 17:24 IST
On the currency front, the rupee appreciated by 11 paise to close at 73.31 against the US dollar on Wednesday, supported by positive domestic equities and unabated foreign fund inflows
Market indices continued to surge for the sixth straight session on Wednesday and ended at record highs in line with positive global equities. After hitting lifetime highs in the early trade, Sensex ended 133 points higher at 47,746 and Nifty gained 49 points to 13,981. During early trade, Sensex hit a lifetime high of 47,807 and Nifty touched 13,990 for the first time.