Nifty last close: 24367.50 (+1%)
The market extended the fall for the second consecutive week ended August 9
Last week, Sensex declined 1,276.04 points or 1.57 percent to close at 79,705.91
while the Nifty50 index shed 350.2 points or 1.41 percent to finish at 24,367.50
Small-cap index fell nearly 2 percent & Large-cap Index shed 1.5 percent
Mid-cap Index declined 1 percent
On the sectoral front, Nifty Metal and PSU Bank were down nearly 3%, Nifty Energy index shed 2.5%
Nifty Bank and IT indices down 1.5 percent each
On the other hand, Nifty Pharma index added 1.5 percent
Nifty Healthcare and FMCG indices rose 0.5 percent each
Foreign institutional investors (FIIs) sold equities worth Rs 19,139.76 crore
However, Domestic Institutional Investors (DII) bought equities worth Rs 20,871.10 crore
After the Hindenburg report SEBI’s Chairperson denied the report and given detailed response
US markets end higher on last Friday
Dow gained 0.13%, Nasdaq rallied 0.51% and S&P500 gained 0.47%
US 10-year yield below 4%
The dollar index was trading marginally higher at 103.30
Brent crude near $80/bbl
Asian market open mixed
Hangseng and Kospi down marginally
Japan market shut on today
GiftNifty indicates a flat note for the index
Nifty this week trend decider 24050 and 24500
Today Nifty is facing a intraday resistance 23380 and 24420
If stays above 24420 will try to check 24500
On other side, Nifty considering a supports 24340 and 24300
Below 24300 finding a next support around 24230
Updated: 08.59 am / 12th Aug 2024
