results CBD 3months

February 16, 2024 04:59 PM IST

The options data indicated that 22,000 is expected to be the immediate support for the Nifty, while 22,100 is likely to be immediate resistance.

Sensex was up 376.26 points and the Nifty was up at 22,040.70. About 1950 shares advanced, 1367 shares declined, and 56 shares unchanged. Biggest gainers on the Nifty included Wipro, M&M, SBI Life Insurance, Adani Ports and Maruti Suzuki, while top losers were Power Grid Corporation, ONGC, SBI, Britannia Industries and Reliance Industries. Among sectors, except PSU Bank, oil & gas and power, all other indices are trading in the green with auto, capital goods, pharma, IT and realty up 1-2 percent. Catch Yatin Mota live on Bajar Gupshup to know more.

For the week, BSE Sensex and Nifty50 indices gained 1 percent each

Nifty holds steady above 22,000, with mid and small-caps gaining momentum. NSE sees a strong advance-decline ratio. Nifty auto and PSU Bank indices hit all-time highs. Gainers include Wipro, SBI Life, M&M, L&T, Maruti, and Adani Ports. Catch Nandita Khemka and Yatin Mota as they bring you the trade highlights on closing bell

Nifty has a high single-digit upside potential in 2024, on top of the 20 percent rally seen last year. Global risks such as demand slowdown fears and inflation are not seen weakening Indian markets.

Auto and healthcare indices were up a percent each, while the power index was down 0.3 percent in the afternoon trade

Nifty is now close to its all-time high, we expect it to surpass this level and touch new highs, said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

The critical support zone for Nifty is now positioned at the 10-20 EMA zone of 21750-21800, with resistance at higher levels expected around the 22120-22100 zone.

The domestic equity indices are likely to open on a positive note Friday tracking gains in global markets. Indian equities are set to extend 3-day gains. Over the last two days, the price pattern has displayed a notably bullish trend, with the market exhibiting resilience by rallying even amidst adverse news after defending crucial support levels. There’s a strong possibility of witnessing all-time highs today or, if not today, then potentially in the month. Moreover, there are promising signs of a bottom formation in HDFC Bank, indicating positive momentum. Significant leadership signals are evident in SBI and Reliance Industries, suggesting robust market dynamics. Additionally, the outlook for IT stocks is optimistic, poised to resume their upward trajectory. The Midcap Index also appears primed to achieve a fresh lifetime high. Catch Nickey Mirchandani in conversation with Subham Agarwal, Co-fund Manager, Aequitas and Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One Ltd live on Moneycontrol

The Nifty50 reached closer to the psychological mark of 22,000. If the index manages to close decisively above 21,950, the high seen in Thursday’s trade, then the next immediate resistance is expected at 22,050 and then at 22,126, the record high, experts said, adding that the 21,800-21,750 zone is expected to act as immediate support for the index and 21,500 as a crucial support area. On February 16, the BSE Sensex jumped 228 points to 72,050, while the Nifty 50 rose 71 points to 21,911 and formed a Doji candlestick pattern on the daily charts as the closing was near opening levels, indicating the tug-of-war between bulls and bears for future market trend. This morning GIFT Nifty is hinting at a start above the 22,000 mark. Overnight on Wall Street S&P 500 notched a fresh record closing high. Meanwhile in Asia Nikkei is holding above 38,000 despite the Japanese economy slipping into a technical recession. Among stocks in focus will be Axis Bank, Yes Bank, Vedanta among others. Watch for Entero Health listing at 10 am. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Aman Soni, Head of Operations, Prudent Equity.

Earnings support the price movement and the auto sector isn’t expensive, says Akhil Bhardwaj, Senior Partner at Alpha Capital

Sensex Today | Stock Market LIVE Updates: Among sectors, except oil & gas and power, all other indices are trading in the green with auto, capital goods, pharma, IT and realty up 1-2 percent.

Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 62.50 points or 0.28 percent.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 16, 2024.

Based on the OI percentage, 70 stocks were on the short-covering list. This included GAIL India, Trent, DLF, Power Grid Corporation of India, and NMDC

Options data indicates that 21,900 is expected to be crucial for either side, with immediate support at 21,800 and resistance at 22,000

Indian stock market closed positively, with the Sensex up 227.55 points (0.32%) at 72,050.38, and the Nifty up 70.80 points (0.32%) at 21,910.80. Notable gainers on the Nifty included M&M, BPCL, ONGC, NTPC, and Power Grid Corporation, while top losers were Axis Bank, Apollo Hospitals, ITC, HUL, and Nestle India. Catch Yatin Mota live on Bajar Gupshup to know more.

The Nifty Bank index recovered from the day’s low of 45,590.20 to end 0.7 percent higher at 46,218.90.

Nifty maintains its stronghold above 21,900 as PSU stocks surge. Mid and small caps outshine benchmarks, recording gains over 1%. Top gainers include PSU Banks, oil & gas, and autos, while FMCG & pharma sectors lag behind. Among the Nifty gainers are M&M, BPCL, ONGC, NTPC, Power Grid, and HDFC Bank, while Axis, ITC, Apollo Hosp, HUL, Nestle, Britannia, and ICICI face losses. Catch Nandita Khemka and Yatin Mota as they bring you the trade highlights on closing bell

Broader markets outperform the benchmarks. Nifty midcap 100 and smallcap 100 indices gain a percent each

Despite the fear that Supreme Court verdict can add to volatility and uncertainty ahead of elections, fund managers say earnings, geopolitical issues and the Red Sea crisis are the main triggers to watch out for

While the benchmark indices erased early gains, the broader market remained resilient. The market breadth also heavily titled in favour of gainers as two stocks rose for each one that fell.

Indian equities would see more traction building in today’s session. Action in Bank Nifty would be keenly watched out for. Previous sessions’s price action is a massive boost for the bulls. It highlights importance of screen based trading. Reliance is negating a lot of negative impact of HDFC Bank. Stocks to watch out for includes the likes of Paytm, Reliance Industries and Vedanta amongst others. Catch @onlynickey in conversation with Chandan Taparia ,Senior Vice President, Head – Derivatives & Technical Research , Motilal Oswal, and Anshul Saigal—market expert

Indian equity market is poised for a higher open with the bulls gaining strength amid fag-end buying. The Nifty50 may extend its upward journey in the coming sessions. If the uptrend continues, then the index may face resistance at the psychological 22,000 mark, while the immediate support is expected to be at 21,700 and crucial support remains at 21,500 level, experts said. On February 14, the BSE Sensex rallied 268 points to 71,823, while the Nifty 50 recovered little more than 300 points from the day’s low and ended with 97 points gains at 21,840. This morning global cues are also supportive with Wall Street staging a good rebound and Asian markets also trending higher in early trade. The GIFT Nifty is hinting at a dash at the psychological 22,000 mark. Among stocks in focus will be Vedanta, NMDC, Glenmark, Paytm among others. Catch Nandita Khemka in conversation with Kush Bohra, Founder, kushbohra.com and Deven Choksey, Managing Director, DRChoksey FinServ.

The Trust Mutual Fund CIO expects continuity in policy after the Lok Sabha elections and is overweight on the domestic economy themes for FY25 as well