05th Jan 2024 Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 21658.60 (+0.66%)

After two days of selling, the equity indices bounced back on January 4
Nifty above 21,600 amid buying across the sectors and broader indices
Sensex was up 490.97 points or 0.69 percent at 71,847.57
Nifty was up 141.30 points or 0.66 percent at 21,658.60
Bajaj Finance, NTPC, ONGC, Tata Consumer and IndusInd Bank are among the top gainers on the Nifty
While losers included BPCL, LTIMindtree, Dr Reddy’s Laboratories, HCL Technologies and Hero MotoCorp
On the sectoral front, the Realty index was up 6.6 percent, the power index was up 2 percent
While bank, capital goods, healthcare and oil & gas index were up 0.5-1 percent
Midcap and smallcap indices were up 1 percent each and touched fresh record highs
Foreign institutional investors (FIIs) bought shares worth Rs 1,513.41 crore
While domestic institutional investors (DIIs) sold Rs 1,387.36 crore worth of stocks on January 4
Rights issue: Grasim to issue about 2.2 crore shares at Rs 1,812 per share
The company will issue a total number of 2,20,73,935 rights equity (RE) shares
On a fully paid basis, it will cost investors Rs 1,812, a discount of 12.40 percent from the last closing price
Adani’s power transmission biz to be “biggest beneficiary” of 2024’s game-changing reform: Jefferies
Vodafone Idea receives Rs 10.76 crore penalty order under GST Act, seeks rectification
US markets ended mixed trend on Jan 4
Dow ended flat, Nasdaq declined 0.56%, S&P500 down 0.35%
Nasdaq ends lower for 5th straight session
Apple fell further on Thursday, losing about $176 billion since the start of the year
The company’s shares dropped 1.7 percent to an eight-week low of $181.20 on Thursday
The Dollar index traded 0.08 percent lower in futures at 102.42
Spot gold was up less than 0.1 percent at $2,041.59 per ounce
Brent crude fell by $1.57, or 2 percent, to $79.01 a barrel
Asian markets open marginally higher on Jan 5
Nikkei up 0.45% and Hangseng up 0.2%

GiftNifty indicates a flat note for the index
Nifty is facing a intraday resistance 21670 and 21690
If stays above 21690 will try to move 21730

On other hand, Nifty can be considered as supports as 21640 and 21620
Below 21620 finding a next support around 21580

Updated: 08.49 am / 05th Jan 2024