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Share Market Closing Note
Nifty around 21,650, Sensex down 379 pts; pharma outperforms:
Benchmark indices ended lower on January 2 with Nifty around 21,650.
At close, the Sensex was down 379.46 points or 0.53 percent at 71,892.48, and the Nifty was down 76.10 points or 0.35 percent at 21,665.80. About 1691 shares advanced, 1631 shares declined, and 72 shares unchanged.
Top loser on the Nifty were Eicher Motors, M&M, UltraTech Cement, L&T and Kotak Mahindra Bank, while gainers were Coal India, Adani Ports, Sun Pharma, Divis Labs and Cipla.
Among sectors, pharma index up 2.5 percent, while auto, realty, capital goods, bank and Information Technology down 1 percent each.
BSE Midcap and Smallcap indices ended on a flat note.
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Topic :- Time:3.20 PM
Just In:
Coal Ministry reports 12.47% rise in cumulative coal production in FY 23-24 till December
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Topic :- Time:3.00 PM
Nifty is giving some signs of recovery tomorrow however its not safe to carry open positions. Nifty spot if holds above 21620 level on closing basis then some pull back can be seen and close below 21620 will result in some more pain in the market.
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Topic :- Time:2.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 6094. If it breaks and trade below 6040 level then some decline can be seen in it and if it holds above 6040 level then it will move for 6160-6180 levels soon.
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Topic :- Time:2.30 PM
Nifty is trading sideways and is not showing much movement. Lows should be used to go long for now. Nifty spot if manages to trade and sustain above 21640 level then expect some bounce back in the market and below 21600 level some decline can be seen. Currently Nifty spot is trading at 21628.
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Topic :- Time:1.30 PM
GOLD Trading View:
GOLD is trading at 63565. If it manages to trade and sustain above 63600 level then expect some quick upmove in it and if it breaks and trade below 63480 level then some decline can follow in it.
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Topic :- Time:1.25 PM
Just In:
Vodafone Idea issues clarification, says not in any talks with Elon Musks Starlink
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Topic :- Time:1.00 PM
Nifty is trading volatile in a range. Nifty spot is trading at 21602. If it breaks and trade below 21580 level then expect some further decline in the market and if it manages to trade and sustain above 21620 level then some upmove can be seen.
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Topic :- Time:12.50 PM
Just In:
Japan hit by 155 quakes, at least 12 dead confirmed.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 732.70. If it manages to hold above 730 level then expect it to test 736-737 levels quite soon and if it breaks and trade below 730 then some decline can be seen in it.
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Topic :- Time:12.00 PM
Nifty is trading volatile and is in deep red. For now highs should be used for going short. Nifty spot if breaks and trade below 21580 level then expect some further fall in the market and if it manages to trade and sustain above 21620 level then some upmove can be seen in the market.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex sinks 600 pts, Nifty at 21600; Pharma bucks trend
2. HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment
3. India Inc billionaire promoter club: Count swells to record 152 in 2023
4. India hikes windfall tax on crude oil, reduces tax on ATF and diesel
5. Amid JN.1 scare, India logs 573 new Covid-19 cases, 2 deaths in last 24 hrs
6. Vedanta Resources faces investor reckoning over $3.2 billion of bonds
7. Pakistan likely to get $700 mn from IMF
8. LIC gets Rs 806-crore GST demand notice
9. Bitcoin tops $45k for 1st time since Apr22
10. Onion export ban may be lifted