DSIJ Mindshare

Indices struggle; Bankex weak

The Indian markets faced some disappointment in the last trade of July month. Bankex, Capital Goods and Consumer Durables were down more than 100 points each. The Nifty ended lower by 27 points at 8638; and Sensex was 156 points down at 28051. The indices ended in the red by 0.32% and 0.56% respectively. 

Market breadth for the Nifty index was negative and the advance decline ratio ended on the negative side in today’s trading session. 24 stocks closed with green mark whereas 26 stocks closed in red.

Top Nifty Gainers: Eicher Motors was the top gainer with 6.9% gains followed by Adani Ports, ZEEL, Lupin, Tata Power and Bosch Ltd.

Top Nifty Losers: ICICI Bank was top loser with loss of 3.5%, followed by Bharti Airtel, BHEL, HDFC and Bank of Baroda. 

In today’s trading session most of the sectors closed in red mark and Bankex was top loser by 138 points. While Consumer Durables and Capital Goods closed on negative note around 115 points each. However Healthcare, Mid-caps and Small-caps were closed in green territory.

The Asian markets were quoting in the mix.China’s Shanghai Composite closed nominally down by 14 points, Hong Kong’s Hang-Seng was down by 282 points, while Japan’s Nikkei was positive, up by 92 points.

European markets were also trading in mixed scenario.

Derivative Analysis

Nifty August series starts with choppy trade. Going ahead the levels of 8440/8390 will remain as vital supports.

Top 5 Gainers On NSE

Top Gainer in Nifty

Symbol

LTP

Change Rs

% Change

Support

Resistance

Eicher motor

22500

1401

6.6

22055

22800

Adani port

232

7.50

3.2

225

240

ZEEL

499

15

2.9

480

510

Lupin

1743

40

2.8

1690

1800

Tata Power

25077

441

1.7

24700

25200

 

Top 5 Losers On NSE

Top Losers in Nifty

Symbol

LTP

Change Rs

% Change

Support

Resistance

ICICI Bank

262.30

-10

-3.5

250

270

Bharti Airtel

361.50

-10.5

-2.8

350

370

BHEL

145

-3.7

-2.5

140

155

HDFC

1375

-27.2

-1.9

1350

1400

Bank baroda

151.70

-0.8

-1.7

149

153

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