Nifty closed at 18562.75 up by 0.27 percent

Nifty closed at 18562.75

NSE Nifty 50 started at low and was up by 0.27 percent. Nifty near 18570. Benchmark indices closed in green today at 18562.75.

Indian markets extended the up trend and the Nifty 50 closed at a record high, led by oil and gas stocks, except for metal, all other sectoral indices finished in the green. However, Global stocks fall on China covid unrest and oil plunges to the lowest since 2021!

Today the Bank Nifty opened in red and was up by 0.08 percent. Closed in green at 43020.45.

BSE Sensex was up by 0.34 points and closed in green at a high of 62504.80.

Today, the advance-decline ratio was 1.43, and the market breadth was positive. The volatility index India Vix further increased 1.74 percent to settle at 13.57.

DAILY MARKET ACTION
Advancers – 1312
Decliners – 919
52Wk High –  91
52Wk Low – 29
High Band Hitters – 101
Low Band Hitters – 50
200d SMA – 17045
50d SMA – 17724
20d SMA – 18259

Top Gainers and Losers

The top gainers were BPCL  (+5.04%), Reliance (+3.38%), Hero MotoCorp (+2.40%), Tata Consumer (+1.88%), and SBI Life  (+1.84%).

The top losers were Hindalco (-2.14%), Apollo Hospitals (-1.45%), JSW Steel (-1.39%), Tata Steel (-1.22%), and HDFC Bank (-1.06%).

Sectors & Broader Indices

The top gainers sector were Oil & Gas (+1.60%), Auto (+0.61%), FMCG (+0.34%), Pharma (+0.20%) and Realty (+0.07%).

The top losers sector were Metal (-1.14%), Financial Services (-0.09%), IT (-0.08%), Consumer Durables (-0.06%), and Media (-0.05%).

The Nifty Midcap 50 was up by 0.57 percent, while the Nifty Small Cap 50 up by 1.03 percent.

SECTORS – NOTABLE ACTION
OIL & GAS +1.60%
AUTO +0.61%
FMCG +0.34%
METAL -1.14%
FINANCIAL SERVICES -0.09%
IT -0.08%

Daily Pivots

The Nifty trading range for tomorrow is 18410 to 18670.
Today, weakness in the global markets caused a shaky start, but the Nifty 50 recovered and inched higher to close in green. However, US S&P 500 started trading on a weak note and may close in red today.
Markets may experience some consolidation in the near term because of mixed global cues, but the bias is positive.

Read previous -Daily Insights- here
Nifty near lifetime High!
Markets fall for the third day in a row.
Nifty closed at 18409.65 up by 0.03 percent

This article is only for educational purposes and is not an investment advice.