The BSE Sensex reached 256.22 points or 0.31%, 82,445.21, while the NSE Nifty rose 100.15 points or 0.40%to close at 25,103.20.
Here’s how analysts read the market pulse:
Financial stocks extended their rally in Indian markets, powered by RBI rate and a supporting aggressive policy of CRR cut, Vinod Nair, head of GeoGit investment research, said, “These actions have accelerated investors’ confidence and, especially in the medium term, are expected to increase fluid.”
“Positive US job data and new optimism over US-China trade negotiations removed the global spirit. Locally big caps also expressed a new pace under the leadership of FIIs,” Nair said.
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Living events
US
US Shares are almost stuck on Monday as the world’s two largest economy starts a conversation on trade that can help to avoid recession.
United States and Chinese officials are meeting in London, which are separating various disputes. Hopefully they can eventually reach a deal that will reduce the level of punishment in each other, which is currently paused, so that everything from small tech gadgets to enormous machinery can continue.
One of the sharp moves in the market came from Warner Bros Discovery, saying that it would be 11.8% to be divided into two companies. One will find Warner Bros Television, HBO Max and other studio brands, while the other with some digital products, CNN, TNT. Sports and other entertainment will capture sports and news television brands.
European stocks
European stocks on Monday were relaxed in caution as investors avoided making big bats in London, with the outcome of China-US trade negotiations.
Pan-European Stocks 600 slightly less than 553.24 points, after four straight sessions of benefit, the longest win in three weeks. All other large bores closed the lower. The trade was thinner among those who were closed due to Monday’s holiday in the markets of Switzerl, Nudd, Denmark and Norway.
The utility sector was one of the largest losers. Often the bond is tracked as a proxy – the slide of the Eurozone bonds pushed the index.
Technical view
“The Nifty has finally been broken by its prolonged consolidation on the daily deadline,” said Rupak DE, “The golden crossover on the daily chart,” said the Nifty, “LKP Securities,” said Rupak DE.
“After a breakout, an increase of 25,350 may seem likely. The crucial move above this level can rally toward 25,700. On loss, support is placed at 24,850; the breach below this level may change,” DE said.
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Most active stocks in terms of turnover
Bajaj Finance (Rs 2,262 crore), BSE (Rs 2,181 crore), MCX India (Rs 1,981 crore), CAPRI Global Capital (Rs 1,639 crore), Cochin Shipyard (1,620 crore), ICICI Bank (RS 1,589 CR) CRS) Shares on BSE in terms of value. High activity in the counter in terms of value can help identify counters with the highest trading turnover a day.
The most active stocks in terms of volume
Vodafone Idea (Traded Shares: 63.09 crore), JP Power (Traded Shares: 19.50 crore), Reliance Power (Traded Shares: 18.79 crore), Suzlon Energy (Traded Shares: 11.09 crore), CAPRI Global Capital (traded shares: 9.43 crore). Most actively trade in terms of volume on the NSE.
Stocks showing the purchase interest
Shares of Capri Global Capital, West Life Foodworld, Five Star Business Finance, JP Power, JM Financial, IIFL Finance and Bandhan Bank were stocks in which strong interest of purchases from market participants.
52 weeks
More than 178 stocks today hit a 52-week .This. The 43 stocks slipped to their 52-week low. Bajaj finance was the stocks of 52-week high.
Stokes by looking at the pressure of sale
Cochin Shipyards, Data Patterns (India), BLS International Services, Zen Technologies, Suven Pharma, Swiggy, and Nulland Laboratories were undergoing significant sales pressure in stocks.
Sentiment meter bullish
Market feelings were booming. Of the 4,335 stocks trading on the BSE on Monday, 1,464 stocks saw a decline in 1,750, while 121 stocks remained unchanged.
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(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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