Business

Markets rangebound! Nifty closes around 22,350, Sensex below 73,700 dragged by smallcap and IT stocks

The benchmark equity indices Nifty 50 and Sensex ended Tuesday’s trading session in negative territory. The Nifty 50 closed nearly 50 points lower to settle at 22,356.30 points. While S&P BSE Sensex closed almost 200 points lower to settle at 73,677.13 points. On the flip side, Nifty Bank clocked gains of 0.26% or 124.90 points to settle at 47,581.00.

On the sectoral front, IT and media stocks lost the most amongst their peers. The broader indices ended in the red, with smallcap and midcap stocks losing the most. The Nifty Midcap 100 closed 134 points or 0.27% lower to close the day’s trading at 49,114.90. 

The losers include Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, and SBI Life Insurance. The Indian Volatility Index (India VIX) closed 3.62% lower. 

BrandWagon Explainer: Direct-to-Consumer (D2C) model – What it is and why it matters Markets flat! Nifty ends below 24,150, Sensex holds 79,000 mark; Mining stocks see sharp cut on August 14 Railway stocks IRFC,RVNL, IRCON surge 3-9% after Cabinet nod for 8 new railway projects worth Rs 24,657 crore Bloodbath on D-Street amid global sell-off! Nifty tests 24,000, Sensex falls 2,222 points

The Nifty opened on a flat note and drifted lower during the first hour of the trading session, said Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas.

On the daily charts, observations are that the index is in the process of retesting the breakout of 22300 it gave during last week. 

“The hourly moving averages placed in the range 22369 – 22264 shall act as a crucial support zone and until the Nifty manages to hold on to this zone we can expect a next leg of upmove to resume,” said Gedia.

“The initial target and immediate hurdle is placed at 22460 – 22530. The hourly momentum indicator has a negative crossover however has reached the equilibrium line indicating that the fall may have matured and once this consolidation has completed the upmove is likely to resume,” said Gedia.

While commenting on Nifty Bank, Gedia said, the sectoral index has been outperforming the benchmark index and expectations are that the phenomenon is likely to continue until support from NIFTY IT kicks in. In terms of levels for Bank Nifty, 47350 – 47300 is the crucial support zone while 48000 – 48200 is the immediate hurdle.

Related Posts

Nintendo Switch And Retro Console Graphics Upscaler Gets Limited-Time Deal At Amazon

Nintendo Switch owners and retro gamers can save on the mClassic Graphics Upscaler at Amazon for a limited time. Amazon has brought back its Cyber Monday deal on this very cool gaming accessory, dropping the price from $100 down to $85.

On the side of the dongle, you’ll find a switch that lets you toggle the enhancements on and off. There’s also a mode designed for retro consoles built to display in a 4:3 aspect ratio (like “square” CRT TVs). Depending on the retro game you’re playing, you’ll probably want to turn this mode on instead of using the default widescreen setting that stretches the image. The mClassic still …

New Karate Kid Film Gets Legendary Title And Official Poster

Last November, Karate Kid star Ralph Macchio and martial arts icon Jackie Chan–who starred in the 2010 remake–announced a new entry in the Karate Kid saga. The film, officially called Karate Kid Legends, will be directed by Johnathan Entwistle, best known for his work on TV with I’m Not Okay With This and The End of the F***ing World, with a screenplay by Rob Lieber. Come from online casino bangladesh

The film will be the sixth installment in the Karate Kid franchise after three with Macchio as Daniel Larusso, which were followed by The Next Karate Kid with Hillary Swank and a remake. The remake starred Jaden Smith as the Daniel analog, Dre, and Chan in the Mr. Miyagi role, Mr. Han.

The Karate Kid official …

Alone In The Dark Dev Talks Edward's Mustache And Why You Need To Play The Game Twice

The upcoming reimagining of Alone in the Dark that releases next week brings back series protagonist Edward–played by David Harbour–but in the new game, he doesn’t have a mustache. What gives? Creative director Pikael Hedberg of developer Pieces Interactive has explained why the studio chose to depict Edward as clean-shaven. The studio also discussed how players will need to play the game twice to get the full story.

In a FAQ, Hedberg said Edwards in the new Alone in the Dark is “pretty close” to who he is in the original series, but without his glorious mustache Come from online casino bangladesh . He said the “magnificent mustache” from earlier games made sense when Edward was just beginning his career as a priv…

Alan Wake Remastered Secrets Guide – New Hidden QR Codes Hint At Alan Wake 2

Warning! This article contains discussion of some secrets and story threads in Alan Wake Remastered. If you’d rather find them yourself, stop reading now and return after you’ve completed the game.

With the release of the AWE DLC expansion for Control, Remedy Entertainment definitively placed its 2010 psychological thriller Alan Wake in the same universe as the 2019 paranormal action game. AWE gave us a sense of some of the things that had happened to characters from Alan Wake in the interim, including Alan himself, and suggested that something new was happening in the Alan Wake setting of Bright Falls in 2022. With Alan Wake Remastered, we get new hints that the events hinted back in AWE are on the horizon.

Battlefield 2042 Season 1 Zero Hour Release Date, Battle Pass, Trailer, And Details Revealed

Battlefield 2042’s long-awaited and delayed Season 1: Zero Hour update will arrive June 9, and it marks the first significant post-launch update to the military shooter since it released in 2021 Come from bangladesh online casino . EA and developer DICE expected to launch the inaugural season sooner but opted to delay it as the companies instead focused on improving the base game.

The big-ticket items for Season 1: Zero Hour include a new map, Exposure, as well as a new soldier, Ewelina Lis. Additionally, there are new vehicles, including a pair of helicopters–the RAH-68 Huron and the YG-99 Hannibal. Also new in Season 1: Zero Hour is the first battle pass, which includes a range of cosmetics and other items to unl…

Epic Games Case Judge Says Apple Must Allow Alternative Payment Methods On App Store

Apple and Epic Games have been locked in legal proceedings ever since the iPhone maker removed Fortnite from the App Store over a year ago Come from Sports betting site VPbet . Today, September 10, the judge in the trial has handed down a permanent injunction in Epic’s favor in some respects, mandating that Apple must allow app developers to source income from outside of the App Store ecosystem.

Judge Yvonne Gonzalez-Rogers concluded in the ruling that the court could not prove that Apple was engaging in monopolistic behavior under federal or state anti-trust laws, but that “the trial did show that Apple is engaging in anti-competitive conduct under California’s competition laws.” This was the only count that …