Market landscape: The Indian equity index closed stable in the unstable trading session on 12 March. At the end of the trading session, the Sensex fell 72.56 points, or 0.10 percent to 74,029.76 and the Nifty fell 27.40 points, or 0.12 percent to close at 22,470.50. Today, the most edged shares in Nifty include Infosys, Wipro, Tech Mahindra, Nestle, TCS. While the most declining shares in Nifty were IndusInd Bank, Kotak Mahindra Bank, Tata Motors, ITC, Bajaj Finance. BSE midcap and smallcap indices declined by 0.5 percent.
Talking about various sectors, auto, bank and pharma saw an increase of 0.5 percent. While metal, IT, realty, telecom, PSU bank, media declined by 0.5-3 percent.
Learn how the market was performed on Thursday
Aditya Gaggar, director of progressive shares, says that today there was a lot of ups and downs in the market. Its start was strong but soon it saw a sharp decline. Due to this, the index reached its lowest level since the last session. This gradually improved. The Nifty received support at a strong level of 22,330. At the end of the trading, the Nifty fell 27.40 points to close at 22,470.50. Auto and Pharma sector performed well, while the IT sector saw a decline of about 3 per cent. Extensive market trends were mixed. Midcap performed poorly. While the smallcap’s move remained the same as the Nifty. The Nifty remains within the radius of 22,330-22,620. The brakeout above this range will clarify the future direction of the market.
Mutual fund industry big shock, biggest decline in five years
LKP Securities’s metaphor Dey said that the Nifty once again saw ups and downs. The index remained above 22,300 throughout the day. Around 22,300 multi-tallest structures are observed. This has led to a significant support in this level short term. At the top, the resistance to the Nifty is seen at 22,500/22,600.
