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market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday - Vimarsana News

market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday

NEW DELHI: Nifty added a few points on Tuesday than its previous close and formed a small bullish candle with a long lower shadow similar to a Doji formation on the daily chart. The daily chart signals a capped upside going forward. Nifty has formed an indecisive pattern similar to that of Doji candles in the last five out of six sessions, suggesting that the rally is losing momentum. According to Nagaraj Shetti, Technical Research Analyst, HDFC Securities, the short-term trend of Nifty continues to be rangebound within a high low band of 13,600-13,400 levels. He added, “A sustainable move ...

Market drops in early trade - Vimarsana News

Market drops in early trade

Local stocks are trading weak in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 219.75 points or 0.48% at 45,883.75. The Nifty 50 index was down 80.15 points or 0.59% at 13,448.95. Most Asian stocks are trading lower. The S&P BSE Mid-Cap index was down 1.09%. The S&P BSE Small-Cap index was down 0.98%. The market breadth, indicating the overall health of the market, is weak. On the BSE, 713 shares rose and 1346 shares fell. A total of 79 shares were unchanged. Stocks in news: TCS fell 0.31%. TCS said that its share buyback share will open on 18 December 2020 and...