Here’s how analysts read the market pulse:
Commenting on the day’s proceedings, Senior Technical Analyzer of LKP Securities, Rupak Dee said that it remains in the market selling mode until it falls above 24,850. “The Daily RSI is in the bearish crossover with the following reading. In the short term, the trend is likely to remain weak. At the lower end, support is placed at 24,500, while at the end of the end of the end, the resistance is placed at 24,700 and 24,850,” the DEA said.
US
Wall Street fell more than its records on Tuesday, tightening the pressure from the bond market.
NVIDIA and other companies that have benefited from the enormous surroundings of artificial-intelligence technology were some heavy weight in the market.
Nvidia, whose chips are filling the power in AI, fell 2.1%. Other lost large tech stocks include Amazon, which has decreased by 1.9%and the alphabet, which is 1.8%.
Overall, the stock market was experiencing pressure from the bond market, where the 10 -year treasury yields have reached 26.96% late on Friday. When bonds pay more in interest, investors are less ready to pay prices for stocks.
European markets
Most major European indices were trading negatively around 6:45 pm India time (1:59 pm BST). The UK’s FTSE 100 index was below 0.78% while the French CAC 40 was 0.63%. The Spanish Index iBex 35 and Stokes 600 were down sharply 1.5%. Meanwhile, Germany’s decks sank 2% at this time.
Technical view
The technical and derivatives research analysts of Centrum Broking and market expert Nilesh Jain said that after opening on a positive note, the market had seen a sharp decline.
“The Nifty once again faced a strong resistance to around 24,700 on its 100-DMA and slid down to the 24,600 mark, which formed a shooting star candle. As previously published, the bridge is likely to attract sales pressure, with the index being 24,400-24,750.
Most active stocks in terms of turnover
Ola Electric (RS 467 crore), National Securities Depositaries Limited (NSDL, RS 410 crore), Apollo Micro Systems (Rs. Crores) were among the most active stocks 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
Ola Electric (traded shares: 7.37 crore), NSDL (traded shares: 31.80 lakh), Apollo (traded shares: 74 lakh), one Mobiqwick (traded shares: 72 lakh), Vimata (Traded Shares: 18.38 lakh crore), traded shares (Traded Shares) and Traded Shares (Traded Shares). 84.16 lakh) was one of the most actively traded stocks in terms of volume on BSE.
Stocks showing the purchase interest
One of the stocks was one of the stocks, which saw a strong interest in buying from one of Mobiqwick Systems, Mr. Renuka Sugar, Raymond Lifestyle, MRF, ITI, JK Tire, Alok Industries and CIAT.
52 weeks
More than 124 stocks were hit by 52 weeks. Those who have hit their 52 -week Sto scandals include Applab, Apollo Micro Systems, BGR Energy Systems, Bosch and Bizotic Commercial.
Stokes by looking at the pressure of sale
The big cap names consisted of D Red Reddy’s laboratories and Mahindra and Mahindra (M&M). Other stocks that were found under significant pressure pressure were Godfrey Philips, Sarda Energy, Five Star Business Finance, SBFC Finance, GNFC, Sundaram Finance, Lemon Tree Hotels and Sindhu Towers.
Sentiment meter fevers bear
Actions in heavyweights like ICICI Bank, HDFC Bank and M&M pull the most, the width in the wider markets is positive but the negative closure. Out of 4,285 stocks trading on BSE on Tuesday, September 2, 2,439 stocks saw progress, 1,705 declined while 141 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)
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