Among Nifty stocks, M&M was the top loser, down 4.6%. ITC, Axis Bank, SBI Life insurance, L&T, Dr Reddy s Lab were the other prominent losers in the Nifty.
The Nifty maintained positive bias for most part of the previous trading day and ended at the high point. It snapped it 2 day losing streak and was led higher by shares of Reliance Industries.
Nifty Bank snaps 9-day gaining streak in a choppy session, ends below 36000
India VIX snaps 3 day gaining streak, faces resistance at 200-DMA
Mumbai: Yesterday was an extremely choppy session for Indian equities with the Nifty slipping below 15000 during intraday trade before closing flat with a positive bias. It took support near the RBI policy day high of 15015 multiple times during the previous trading session.
The Nifty Bank snapped its 9-day gaining streak to end below 36000 and underperformed most in 2 weeks. It has an open gap support placed at 35413.
The India VIX index snapped its 3-day gaining streak after facing resistance at its 200-day moving average.