Daily Insights

Stocks Edge Lower

NiftyTrader • December 6, 2022

Post Views: 1,289
IndexPriceChange% Chg
NIFTY 5018642.75–58.30 –0.31%
NIFTY BANK43138.55–194.40–0.45%
BSE SENSEX62626.36–208.24–0.33%
Daily closing price, change and % change of benchmark indices.

Stocks edge lower, Nifty closed at 18642.75

Today, NSE Nifty 50 started at low and was down by 0.31 percent and closed in red. Nifty below 18650.

The Bank Nifty also opened in red and was down by 0.45 percent closed in red at 43138.55. Similarly, the BSE Sensex was down by 0.33 points and closed in red at a low of 62626.36.

Benchmark indices fall for the third day in a row. Stocks edge lower as the risk-off sentiments prevail. There has been no follow-up after making lifetime highs, and the market is trending lower. Certainly not good news for those looking forward to the Santa Claus Rally!

However, on a positive note, FII inflows into equities reached a two-year high in November on expectations that the US Federal Reserve will slow the pace of interest rate hikes.

Stock edge lower

Today, the advance-decline ratio was 0.67, and the market breadth was negative. The volatility index India Vix increased 2.25 percent to settle at 14.04 and the FIIs were net sellers today.

DAILY MARKET ACTION
Advancers – 896
Decliners – 1337
52Wk High –  69
52Wk Low – 15
High Band Hitters – 117
Low Band Hitters – 37
200d SMA – 17084
50d SMA – 17845
20d SMA – 18439

Top Gainers and Losers

The top gainers were Adani Enterprises  (+2.43%), Hindustan Unilever (+1.46%), Nestle India (+1.15%), Bajaj Auto (+0.93%), and UltraTech Cement  (+0.89%).

The top losers were BPCL (-2.93%), Hindalco (-2.61%), Tata Steel (-2.50%), Dr. Reddy (-2.32%), and UPL (-1.84%).

Sectors & Broader Indices

The top gainers sector were FMCG (+0.30%), and Oil & Gas (+0.22%).

The top losers sector were IT (-1.45%), Media (-1.02%), Metal (-0.75%), Pharma (-0.75%), and Realty (-0.68%).

The Nifty Midcap 50 was down by 0.51 percent, while the Nifty Small Cap 50 down by 0.26 percent.

SECTORS – NOTABLE ACTION
FMCG +0.30%
OIL & GAS +0.22%
IT -1.45%
MEDIA -1.02%
METAL -0.75%

Daily Pivots

S2S1R1R2
18548185951867218702
Daily Nifty Pivots

The Nifty trading range is 18590 to 18680.

Read previous -Daily Insights- here
Nifty–lifetime High!
Stocks rise amid China uncertainty
Nifty closed at 18562.75 up by 0.27 percent

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

#inflation Bear Market DII FII Gainers and Losers Inflation data Market Direction Market Standstill Market Trend Nifty Nifty Bulls UK U Turn Uncertainty US Fed Volatility
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