logo |

News

    Home   >     Original    >     Main body

    Indian Nifty BSE Sensex 30 Update

    Abstract:Indian stock indices ended in the green, after witnessing a high swing during the trading session. Nifty closed at 11971 with a gain of 37 points and BSE Sensex 30 ended with a gain of 169 points at 40795.

      Indian stock indices ended in the green, after witnessing a high swing during the trading session. Nifty closed at 11971 with a gain of 37 points and BSE Sensex 30 ended with a gain of 169 points at 40795.

      Bank Nifty traded low of 23149 and took reversal and traded high for the day at 23963 before settling at 23875. Nifty hits low of 11822, high at 11997, and closed at 11971. Nifty climbed up maintained bullish stance at closing supported by a sharp recovery in Banking stocks, Financial Services sector, and realty sector. Basically, good support was seen from interest rate sensitives. Bank Nifty spiked on strong support from private banks. The IT and Pharma sectors witnessed pressure during the day. Result upbeat from the IT sector seems duly discounted, hence limited upside seems capped for the IT sector. The auto sector also remained subdued for the day.

      The changes in Broader and Sectoral Indices for the day are as under:

    51c61446f60f1d5ada75d70c3c8ce6ed.png

      Bank Nifty likely to trade bullish for the rest of the week. Levels to be watched in Bank Nifty are 24192 and 24620 on the upside, whereas on the lower side, 23515 seems good to support followed by 23122. Bank Nifty already traded near 23149 today. The momentum indicator is buoyant for the week. Further, on the technical front, Nifty has formed a highly bullish structure. It is worth noting that Nifty has not closed in RED since 30th September 2020. Moreover, a higher high higher low pattern is made on the daily timeframe. Overall, Nifty is trading as buy on dip bet.

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.