Bears look poised to regain control of Sensex, Nifty; 5 things to know before opening bell
时间:2024-06-26 12:31:55 阅读(143)
Domestic markets moved higher on Tuesday, as bulls attempted a comeback, but global cues and SGX Nifty were suggesting another reversal for today. S&P BSE Sensex rose 776 points or 1.37% to settle at 57,356 points while the NSE Nifty 50 index jumped 246 points or 1.46% to regain 17,200. Entering Wednesday’s trade, SGX Nifty was down 200 points, hinting at a gap-down start to the day’s trade. Global cues were weak with Wall Street equity indices having tanked severely on Tuesday. An aggressive Fed tightening and resurging covid is weighing down on investor sentiment.
Global watch: The technology-heavy NASDAQ index plummeted 3.95% on Tuesday, followed by S&P 500 and the Dow Jones. Among Asian peers, Shanghai Composite, Hang Seng, Nikkei 225, TOPIX, KOSPI, and KOSDAQ were all down with losses.
Levels to watch out for: Nagaraj Shetti believes the 17300-17400 range could be a tough task for the market to surpass. Meanwhile, Rahul Sharma, Director & Head – Research, JM Financial advised investors to reduce longs or short at 17200. “Support placed at 17000 and 16850,” he added.
FII and DII trades: Foreign Institutional Investors sold stocks worth Rs 1,174 crore on Tuesday. Domestic Institutional Investors bought shares worth Rs 1,634 crore. “FIIs added some long in index Futures and bought Index options aggressively worth Rs 9,957 crore,” said Rahul Sharma.
IPO watch: Campus Activewear IPO was subscribed fully on day one. The issue has been oversubscribed by Non-Institutional Investors as well as Retail investors. Total subscription stands at 1.24 times. Today, the issue of Rainbow Children’s Medicare will open for subscription. The company has raised Rs 470 crore from anchor investors ahead of the IPO.
猜你喜欢
- Maruti Suzuki shares surge 0
- Nifty surpasses 18100, Sensex rises 350 pts in early trade on Thu, Feb 16; Vedanta shares rise, Vodafone Idea falls
- Markets continous the rally for third day; Nifty closes above 20,900 top gainers on December 6 include LTI Mindtree, ITC gained whereas Healthcare and Realty stocks among key losers
- Nifty needs to hold above 17000 for further upside; buy these two shares for gains
- Markets undergoing correction for past month, select heavyweights outperform; US markets to drive global cues
- Lupin Rating- hold; Ebitda margin plummeted in FY22
- Maldives strains- India-Maldives ties hit a rough patch after ministers’ tweets
- Major bureaucratic reshuffle in Chhattisgarh- 88 IAS officers, including 19 district collectors, transferred
- Nifty may fall to 16400, Bank Nifty above 37000 will regain strength; Buy ACC, Airtel this monthly F&O expiry