Nifty’s Positive Outlook

At the close, the Nifty 50 was at 17,854.05 up by 1.38%

Market volatility is the fluctuations that occur in the prices of securities. These fluctuations can be measured by calculating the standard deviation of return for a given period. Volatility is important to investors because it represents the risk involved in holding a security. The higher the volatility, the greater the risk. Therefore, when evaluating investments, investors should always consider the level of volatility before making a decision.

Today, the NSE Nifty 50 started at a high and was up 1.38 percent at close, closing in green above 17850 points. This can be seen as a positive sign for investors who have been waiting for the markets to rebound after days of uncertainty.

Buzzing

Shares of four companies belonging to the Adani Group, including Adani Enterprises and Adani Ports, rebounded on Friday after experiencing significant losses over the past 6 days. The bounce back suggests a recovery in the market performance of these companies after a period of decline.

Shares of Adani Ports rose 7.98% to Rs. 498.85 after declining 14.51% to Rs. 394.95, which was its one-year low, during the day. This rebound suggests a recovery in the company’s stock performance and an improvement in investor sentiment towards the company.

Bank Nifty: Up by 2.04%

The equity benchmarks in the stock market rose by over 1% on Friday, driven by strong buying in the banking and financial sectors. This was despite mixed trends in the global markets, indicating a positive performance in the domestic stock market.

The Bank Nifty, an index of the banking sector in India, opened with a positive performance and ended the day with a 2.04% increase, closing at 41,499.70. The BSE Sensex, an index of 30 of the largest and most actively traded companies on the Bombay Stock Exchange, also ended the day with a positive performance, up by 1.52% and closing at 60,841.88. These results suggest a positive day for the Indian stock market.

Bank Nifty

The Nifty Banking sector had some gainers and some losers for the day. The gainers included Bank of Baroda with a 6.33% increase, HDFC Bank with a 3.42% increase, State Bank of India with a 3.33% increase, IndusInd Bank with a 2.80% increase, and Punjab National Bank with a 2.17% increase. On the other hand, the biggest losers in the sector included IDFC First Bank with a 1.26% decline. These results suggest that some banking stocks performed better than others for the day.

Advance Decline Ratio

Today, the advance-decline ratio was 0.55, and the market breadth was negative. The volatility index India Vix decreased by 8.48 percent to settle at 14.40 and the FIIs were net sellers today.

DAILY MARKET ACTION
Advancers – 800
Decliners – 1455
52Wk High –  46
52Wk Low – 162
High Band Hitters – 47
Low Band Hitters – 112
200d SMA – 17294
50d SMA – 18187
20d SMA – 17898

Top Gainers and Losers Stocks

The top gainers were Titan (+6.51%), Adani Ports (+5.61%), Bajaj Finserv (+4.96%), Bajaj Finance (+4.94%), and HDFC Bank (+3.42%).

The top losers were Divi’s Laboratories (-12.00%), Adani Enterprises (-2.19%), BPCL (-1.67%), Tata Consumer (-1.65%), and Hindalco (-1.48%).

Top Gainers and Losers Sector

The top gainers sector were Financial Services (+2.36%), Consumer Durables (+1.57%), Auto (+1.25%), FMCG (+0.12%), and IT (+0.10%).

The top losers sector were Pharma (-0.99%), Oil & Gas (-0.89%), Realty (-0.82%), Media (-0.44%), and Metal (-0.11%).

The Nifty Midcap 50 was up by 0.27 percent, while the Nifty Small Cap 50 down by 0.56 percent on the day.

The Nifty Midcap 50 index currently closed at 8,604.05, while the Nifty Small Cap 50 index currently closed at 4,252.15.

SECTORS – NOTABLE ACTION
FINANCIAL SERVICES +2.36%
CONSUMER DURABLES +1.57%
AUTO +1.25%
PHARMA -0.99%
OIL & GAS -0.89%
REALTY -0.82%

Stocks Ban List

(SEBI) F&O ban list (ADANIPORTS open at 459.00 and close at 498.85), and (AMBUJACEM open at 351.95 and close at 373.60), are not currently on the stock exchange.

The Securities and Exchange Board of India (SEBI) has banned ADANIPORTS, and AMBUJACEM from trading in the futures and options (F&O) segment of the stock exchange.

A stock enters the Ban List if its MWPL is above 95%. Implying that, Ban List shows the Futures and Options (FnO ) stocks whose combined open interest in all FnO contracts for a given period crosses 95% of Market-Wide Position Limit.

AMBUJACEM has a possibilites of exit from ban list.

PNB, and IBULHSGFIN has a possibilites of entery in a ban list.

Daily Pivots

Nifty trading range has been within the 17660 to 18000 range.

Read previous -Daily Insights- here
The Nifty 50 Lost Ground Today
Nifty Red Close
Marginal Gains

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