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Gains in the market were led by IT stocks with Nifty IT, NSE's sub-index for IT stocks, rising 1.10%. Banking stocks also added to the gains in Nifty.
Nifty Bank snaps 9-day gaining streak in a choppy session, ends below 36000 India VIX snaps 3 day gaining streak, faces resistance at 200-DMA Mumbai: Yesterday was an extremely choppy session for Indian equities with the Nifty slipping below 15000 during intraday trade before closing flat with a positive bias. It took support near the RBI policy day high of 15015 multiple times during the previous trading session. The Nifty Bank snapped its 9-day gaining streak to end below 36000 and underperformed most in 2 weeks. It has an open gap support placed at 35413. The India VIX index snapped it...
The Nifty posted its best weekly gain since 12 April 2020 by rising almost 10 percent. It also traded above 15000 for the first time while Nifty Bank gained over 16 percent last week.
Except for pharma, most other stock indexes were in the positive territory today. Among Nifty stocks, IndusInd Bank was the top gainer, up 3.11% followed by Tata Motors and BPCL, which gained 2.98% and 2.26% .
The Nifty extended its losing streak to 5 days in a row despite recovering more than 100 points intraday. The 50-stock index also snapped its 3 series winning streak by declining little over a percent.