DSIJ Mindshare

Indices Flattish, Bankex Down By 200 points

The Indian markets witnessed good positive move till mid-session. However on the closing buzz, Bankex and Healthcare index dragged the benchmarks indices towards the flattish note. Consumer durables and Oil & Gas also has some profit booking around 100 points each. On the other hand FMCG and Auto provided some support, up by 150 points and 87 points respectively. The Nifty ended nominally positive, up by 3 points at 8809 while Sensex was up by 40 points at 29135 at the closing bell.

The advance-decline ratio on NSE was a negative side, as the day ended with 1324 shares in green and 1596 shares in the red zone.

Top Nifty Gainers: ITC closed the day higher by 3.06 per cent, followed by NMDC, TCS, Bharti Airtel and HUL.

Top Nifty Losers: Sun Pharma closed the day lower by 2.74 per cent, followed by Axis Bank, Hindalco, ICICI Bank and Hero MotoCorp.

The sectoral indices were mixed in today’s session. Bankex and Healthcare stocks witnessed to dragged the indices on the lower side, down by 204 points and 138 points respectively. Consumer durables and Oil and Gas stocks were also down by 100 points. While FMCG and Auto stocks closed in positive territory, up by 150 points and 87 points respectively.

All the Asian markets were positive in today’s trade. The Nikkei market saw up move by 91 points. While the Hang Seng and Taiwan market closed on the positive note, up by 43 points and 33 points respectively. The KOSPI and Taiwan Index also closed on green territory.  

Buzzer: ITC was up by more than 3.06 per cent on the bourses today and closed up at the technical level around Rs 385. If the stock opens above this level, it may touch Rs 398/410 mark in the next few sessions.

Nifty Futures closed around the technical level of 8850. Going ahead 8790/8770 levels will be the vital support levels. 

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

IPO Analysis29-Mar, 2024

Expert Speak29-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR