Markets fall for the third day in a row.

Nifty closed at 18160

Benchmark indices fell for the third consecutive day because of weak global trends.  Nifty falls 147.70 points or 0.81 percent to end at 18160.

Today the Nifty bank opened at lower and down by -0.21 percent. Closed in red today at 42346.55.

BSE Sensex below 61150 also closed in red. BSE was down by -518.64 points and closed at 61144.84. Sensex also started at lower and ended in red.

Today, the advance-decline ratio was 0.59, and the market breadth was negative. The volatility index India Vix, on the other hand, closed at 14.8.

DAILY MARKET ACTION
Advancers – 828
Decliners – 1403
52Wk High –  59
52Wk Low – 88
High Band Hitters – 58
Low Band Hitters – 69
200d SMA – 17022
50d SMA – 17676
20d SMA – 18079

Top Gainers and Losers

The top gainers were BPCL  (+2.10%), Bharti Airtel (+1.72%), Axis Bank  (+1.18%), IndusInd Bank (+1.12%), and Hindustan Unilever (+0.74%).

The top losers were Adani Ports  (-2.13%), Tech Mahindra (-2.11%), Hero Motors Co (-2.02%), Hindal Co (-1.94%), and Reliance (-1.91%).

Sectors & Broader Indices

The top gainers sector were Media (+0.25%) And Consumer Durables (+0.20%) today.

The top losers were IT (-1.55%), Realty (-1.27%), Metal (-0.81%), Financial Services (-0.64%), and Auto (-0.62%).

The Nifty Midcap 50 was down by -0.04 percent, while the Nifty Small Cap 50 down by -0.07 percent.

SECTORS – NOTABLE ACTION
MEDIA +0.25%
CONSUMER DURABLES +0.20%
IT -1.55%
REALTY -1.27%
METAL -0.81%

Daily Pivots

The Nifty trading range for tomorrow is 18110 to 18240.

Read previous -Daily Insights- here
Nifty closed at 18409.65 up by 0.03 percent
Nifty closed at 18403.40 up by 0.41 percent
Nifty closed at 18329.15 down by 0.11 percent

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