Market landscape: The Indian Equity Index closed firmly on 20 March. The Nifty reached around 23,200. At the end of trading, the Sensex rose 899.01 points or 1.19 percent to 76,348.06 and the Nifty rose 283.05 points or 1.24 percent to 23,190.65. About 2296 shares rose, 1554 shares declined and 124 shares did not change. All regional indices closed in green mark. Metal, media, IT, FMCG, auto, durable consumer goods, realty and telecommunications all saw an increase of 1 percent. BSE midcap and smallcap indices increased by 0.5 percent.
The Nifty consisted of Bharti Airtel, Titan Company, Bajaj Auto, BPCL, Britannia Industries Top Gainers, while IndusInd Bank, Bajaj Finance, Trent, Sriram Finance were the top losar.
Know how the market will be on Friday
Director of Progressive Shares Aditya Gaggar said that the index started the weekly trading with firmly. Today, it was growing rapidly. The Nifty continued to grow during the entire season after a slight decline in the beginning. At the end of the trading, it closed at 23,190.65 with a strong lead of 283.05 points. The day ended at the green mark in all the sectors. It also saw the biggest increase in the auto and FMCG sector. Today’s business saw heavy purchases in index -based stocks, resulting in poorly in midcap and smallcap segment.
On the daily chart, the Nifty has come out of the falling nail structure and has built another fast candle. This is a sign of positive change in market trends. However, the index is in the overbott area on an hour chart, which indicates that there may be some lateral or corrective activity. The immediate resistance to the Nifty is at 23,320, while the support is at 23,000.
VK Vijaykumar of Geojit Financial Services says that two major trends are giving shape to the Indian market. Domestic consumption is rapidly accelerating, while export -oriented IT stock is under pressure. Additionally, new interests have also arisen in falling areas such as defense and shipping. In addition, a strong demand for consumer-based digital stocks is also being seen. This trend is expected to continue. However, comprehensive markets can stay in a position of waiting and look by April 2, and the US tariffs can wait for the implementation.
