Nifty last close: 23644.90 (-0.71%)
Share market fell sharply in late afternoon trade on Monday
Sensex closing about 850 points down from the day’s high
At close of the trade on December 30, the Sensex was down 450 points or 0.6 percent
The Nifty dropped 168 points or 0.7 percent to 23,645
Both indices slipped over 1 percent from their intraday highs
Most NSE sectoral indices ended in red
However, the Nifty Pharma index was the top sectoral gainer, up 1 percent
Consumer Durable, FMCG and IT index ended mildly positive
The Nifty Auto index led the losses, down 1.4 percent
Among other major losers were the Nifty Bank index (down 0.7 percent)
The ongoing depreciation of the rupee, which is now nearing the 86-per-dollar mark
FIIs extended their selling on December 30 as they net offloaded equities worth Rs 1,893 crore
while DIIs extended their buying as they bought equities worth Rs 2,174 crore on the same day
In the US, Wall Street closed in the red on Monday
Amid thin volumes and limited triggers during a holiday-shortened week
All three major US indices, closed the with around 1 percent cuts overnight
The US 10-Year Treasury was down 9 basis points to 4.54 percent
Dollar index sustains around 108
Across the Asia-Pacific region, some markets like Japan and South Korea were closed for New Years eve
while Hong Kong markets will have a shortened trading day
GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 23680 and 23730
If stays above 23730 will try to move 23800 and 23930
On other side, Nifty considering a supports 23600 and 23540
Below 23540 finding a next support around 23470 and 23360
Updated: 08.59 am / 31st Dec 2024
