Nifty last close: 19659.90 (-0.6%)
Benchmark indices washed out all the gains made in the previous session on July 28
Nifty was opened 19850 and fell to 19603 then spiked up to 19700
Nifty was down 118.40 points or 0.60 percent at 19,659.90
Sensex was down 440.38 points or 0.66 percent at 66,266.82
Nifty50 has flushed out net gains for the fourth straight derivatives series in July
Top losers on the Nifty included M&M, Tech Mahindra, Tata Consumer, Nestle and Britannia
While gainers were Cipla, Sun Pharma, Divis Labs, Apollo Hospitals and Bharti Airtel
Midcap 100 index rose 0.3 percent, while Smallcap 100 index ended on a flat note
On the sectoral front, auto, oil & gas, bank and FMCG indices were down 0.5-1% each
FIIs net sold 3979 crore while DIIs net bought 2528 crore on July 28
US markets ended cuts on Thursday
Dow down 0.67%, S&P500 declined 0.65% and Nasdaq fell 0.55%
US VIX up 9% to 14.41
Intel surges 8% extended trading over better than expected guidance
US 10-year yield rises to 3.98%
Crude hitting 3 month highs on strong US data Brent at $83/bbl
Gold prices slide below $1950/oz
Dollar index climbe to 101.71
Asian market mixed in early trade
Hangseng slips 1% and Nikkei down 1.5%
Gift Nifty indicates a positive opening for the index
Nifty is facing a intraday resistance 19730, 19755 and 19800
If stays above 19800 will try to move 19880
But stay caution at higher levels!!
On other side, Nifty can be considered as supports as 19620 and 19580
Below 19580 finding a next support around 19520
Updated: 08.55 am / 28th July 2023
