Nifty to snap winning streak or top 19550- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
时间:2024-06-26 11:24:51 阅读(143)
The GIFT Nifty recorded a 0.31% loss during Friday’s early trading session, with a value of 19,488 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, benchmark Indian equity indices Nifty and Sensex hit fresh all-time highs. Nifty soared above 19,500 but pared its gains to settle just shy of the level at 19,497.3, while Sensex ended higher by 0.52% at 65,785.64.
“Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues. India’s underperformance during the year is expected to reverse moving ahead. The mid- and small-cap segments have outperformed the benchmark index, with realty, oil & gas, power and consumption stocks leading the sectorial rally as provisional & economic data suggest a good Q1FY24 results. However, global markets are displaying a negative trend, influenced by hawkish FOMC minutes and US-China tensions,” said Vinod Nair, Head of Research at Geojit Financial Services.
Asian MarketsShares in the Asia-Pacific region were trading in the red on Thursday. China’s Shanghai Composite fell 0.18% in trade, trading flat, while Japan’s Nikkei 225 tanked 0.53%. Hong Kong’s Hang Seng index fell by 1% while South Korea’s Kospi was lower by 1.41%. The Taiwan Weighted index recorded a loss of 0.59%.
Crude OilOil prices were largely unchanged on Friday, but set to post weekly gains, as fears of higher U.S. interest rates that could dampen energy demand were offset by signs of tighter supply after a larger-than-expected fall in U.S. oil stocks.
FII/DII DataForeign institutional investors (FII) net bought shares worth net Rs 2,641.05 crore, while domestic institutional investors (DII) net sold shares worth net Rs 2,351.66 crore on 6 July, according to the provisional data available on the NSE.
F&O BanThe National Stock Exchange has BHEL and Delta Corp securities on its F&O ban list for 7 July. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
Bank Nifty Outlook“The Bank Nifty index has shown a resilient performance as the bulls managed to hold the support level of 45,000, which is considered a crucial make-or-break level for the index.The bears have been active around the 45,500 level. However, if the index successfully surpasses this level on a closing basis, it is likely to witness further upward movement toward the 46,000 level,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities.
Technical View“Trending moves are resuming and slowly it is inching higher. We revise the target upwards to 19,900. In terms of levels, 19,300– 19,270 shall act as a crucial support zone while 19650 – 19,670 shall act as a crucial resistance zone,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
上一篇:WinZO teams up with IITs and US universities; develops skill-based game statistical model
下一篇:Zomato share price rallies 18%, mcap tops Rs 50,000-cr; Here’s what’s fueling the rally
猜你喜欢
- Windfall tax cut on oil producers expected; hike in levy on ATF, diesel exports surprising- Analysts
- Nifty holds above 17400, Sensex up 350 pts in early trade on Wed, Mar 1; Adani Enterprises, Vedanta shares rise
- Avalon Technologies IPO muted listing, debuts at par with issue price; falls 2% post listing
- Will Sensex, Nifty repeat Nov rally this month- Share market at all-time high; rebalance portfolio - INTERVIEW
- Navigating the marketing landscape- The battle between content and paid marketing
- Asian stocks wobble as traders weigh Fed rate pause option
- Will Nifty continue to add gains or fall in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Wipro shares end flat ahead of Q4 results announcement; Board to consider share buyback proposal today
- Will Nifty cross 19,600 or bears to drag- See GIFT Nifty, FII data, F&O ban, crude, more before market opens