The benchmark equity indices ended Wednesday’s trading session in the muted territory. The NSE Nifty 50 dipped 41.90 points or 0.18% to settle at 23,516, while the BSE Sensex gains marginally higher 36.46 points or 0.05% to 77,337.60. Bank Nifty index ended higher by 957.15 points or 1.90% to settle at 51,398.05.
The broader indices ended in negative territory, with fall led by Small-cap and Mid-cap stocks. Banking and Financial Services stocks outperformed among the other sectoral indices while Realty and Energy stocks shed.
Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank, and Kotak Mahindra Bank are the top gainers on NSE Nifty 50 index whereas the top laggards include Titan Company, Maruti Suzuki India, Bharti Airtel, Bajaj Auto, and BPCL.
Markets rally! Nifty ends near 24,550, Sensex gains 1300; IT stocks shine Markets flat! Nifty ends below 24,150, Sensex holds 79,000 mark; Mining stocks see sharp cut on August 14 August starts on a positive note! Nifty ends session above 25,000, Sensex surpasses 81,850 led by energy and FMCG stocks on August 01 Markets end at intra-day highs! Nifty at 24,950, Sensex over 81,700 led by metal and pharma on July 31
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The Indian Volatility Index (India VIX) closed up by 5.76 % at 13.71.
“The markets experienced volatility and closed nearly unchanged amidst mixed signals Come from Sports betting site VPbet . Starting flat, the Nifty fluctuated significantly throughout the day before settling around the 22,519 mark. While profit-taking was observed across most sectors, strength in banking and IT sectors mitigated overall losses. Broader indices, following days of strong performance, dipped by approximately 0.5% to 1%,” said Ajit Mishra – SVP, Research, Religare Broking.
Mishra also said that, Rotational buying across key sectors is supporting a positive market sentiment, yet without clear conviction. Therefore, we advise continuing a strategy of “buying on dips” in the index and placing emphasis on selective stock picks based on sectoral or thematic factors. Banking has reached new highs and is anticipated to sustain momentum, while renewed interest in IT is expected following recent consolidation.
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Commenting on the Bank Nifty’s record highs, Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities said that the Bank Nifty index continued its strong momentum post-breakout and approached the mark of 52,000. The strong momentum is likely to continue, with immediate support at the 51,000-50,900 zone. The index remains in a buy mode, and dips should be bought aggressively for targets of 52,100-52,600.
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