Next to the market: 10 items that will determine the stock market action on Wednesday

Indian headlines indicators ended on Tuesday at a poor note drawn by banking and financial stocks. HDFC Bank and ICICI Bank were the main spoilers. While the Nifty dropped 221.75 points or 0.4%, close at 24,487.40, the 30-stock S&P BSE Sensex ended at 80,235.59, down 368.49 points or 0.46%.

Here’s how analysts read the market pulse:

Commenting on the day’s proceedings, Senior Technical Analyst of LKP Securities metaphoral DEA attributed the pressure to sales in the Nifty at the tariff and geographical political issues as the index of the day has slipped from 24,700.

“In the short term, the index is likely to remain unstable without any clear directional bias. Immediate support is placed at 24,450; the break down of this level can pull it to 24,337 or lower. On the upscale, the immediate resistance is 24,660–24,700, and the continuous move.

US

Wall L Street often trades in green in the initial trade on Tuesday after the price data of in-line customer.

The government’s data showed an increase of 0.2% on the Consumer Price Index (CPI) on a monthly basis, compared to a 0.2% forecast by economists voted by Reuters.

Every year, it was about 2.7% compared to an estimated 2.8% growth. This development was the feedback to reduce the Federal Reserve interest rate in September.

European markets

Most of the big European indices were trading positively at this time. The UK’s FTSE 100 index was nominal at 0.09% while the French CAC 40 was 0.5% higher. The Spanish Index iBex 35 and Stoksx 600 were trading flat, though the bias was positive. Meanwhile, Germany’s decex was 0.3%.

Technical view

Marketer

Decoding to the Nifty on a daily chart, Yeddyve said that the 50-stock index has a vertical candle, which shows the difficulty of sustaining high levels of sales and 100-dated barriers at 24,590. He said that the continuous move above 24,590 could extend the pullback rally to 24,850, where 34-dama Hirdal is located. On the loss, the low will support the Nifty, about 24,340 lower last week. ”

Most active stocks in terms of turnover

National Securities Depositories Limited (NSDL, Rs 2,538 crore), Sonata S. Software Ftware (Rs 132 crore), Tata Motors (Rs 118 crore), HBL engine (Rs. (R. In terms of value can help identify counters with highest trading turnover in the day in the counter.

The most active stocks in terms of volume

Vodafone Idea (traded shares: 3 crore), NSDL (traded shares: 1.95 crore), Suzlon (traded shares: 1.43 crores), spiceJet (traded shares: 96.75 lakh), Esmitrip (Trade Shares: 74.17 crore), yes. Millions were most actively traded stocks in terms of volume on BSE.

Stocks showing the purchase interest

Shares of Sonata S. Software Fatware, Alcem Laboratories, SJVN, Jindal Stainless, Himadri Specialty Chemicals, DB Realty, PCBL and shares of Maharashtra Seamless were in stock stocks.

52 weeks

In more than 114 stocks, their 52-week-old .This was hit by a 52-week while 105 stocks slipped to their 52-week low. Those who have scored their 52 -week sto plus include AB Infrabield, Cartrade Tech, Star Cement, Stalent Securities (India) and Vega Jewelers.

Stokes by looking at the pressure of sale

Bajaj was finance and trent among the big cap names. Other stocks are witnessing to significant sales pressure Astral, People Industries, ACE, CRMA, Bata India, KNR Construction, RVNL and DOMS Industries.

Sentiment meter fevers bear

Heavyweights like HDFC Bank, ICICI Bank and Bajaj Finance were assured of positive closure in the markets. Out of 4,204 stocks trading on the BSE on Tuesday, 2,022 stocks saw progress, 2,033 declined while 149 stocks remained unchanged.

(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)