Equity benchmark indices ended in the positive territory on Wednesday on buying in HDFC Bank and a largely firm trend in Asian markets. Fag-end buying helped the BSE Sensex climb 100.26 points or 0.15 per cent to settle at 65,880.52.
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#Sensex #Nifty50 #BankNifty
~HT.178~PR.147~PR.100~
Disclaimer: The views and investment tips expressed by experts on GoodReturns are their own and not those of the website or its management. GoodReturns advises users to check with certified experts before taking any investment decisions.
#Sensex #Nifty50 #BankNifty
~HT.178~PR.147~PR.100~
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NewsTranscript
00:00 [MUSIC]
00:05 In today's market session, the most important thing is that
00:08 the sugar industry has seen a good spike today.
00:11 Most of the stocks are closing at 6% to 6.5%
00:16 whether it is Dham sugar, Balrampur sugar or Dalmia sugar.
00:20 All of them have seen a good buying.
00:22 The reason behind this is that
00:24 the production of sugar can be reduced.
00:28 That is why there can be restrictions on export.
00:31 There is a crop of 25 million tons here.
00:35 This time, the sentiment has worsened due to the rain.
00:38 The crop has been affected.
00:40 That is why the production of sugar will not be so high.
00:43 The prices can increase.
00:45 In this proportion, the rates of sugar companies are increasing.
00:51 Let's discuss Nifty.
00:53 Nifty has closed at 19,611 today.
00:58 It is 36 points positive.
01:00 Sensix is also close at 65,800.
01:04 It is 100 points positive.
01:06 Bank Nifty has ruined the situation.
01:08 It closed at 123 negative points.
01:10 It is at 44,409.
01:12 If we look at the whole time,
01:14 Nifty has been in a very good range.
01:18 It has been in the range of 60-30 points.
01:21 The top gainers are Tata Consumer.
01:24 It has been in the range of 4%.
01:26 It is in the range of 4%.
01:28 It is in the range of 4%.
01:30 It is in the range of 4%.
01:32 Let's look at the current sentiment.
01:35 The market is now looking to have a profit booking.
01:41 Let's look at the profit booking of the stocks.
01:43 Hindalco, Axis Bank, NTPC, and IndusInd Bank
01:46 are in the range of negative close.
01:50 The negative is more than 1.5%
01:52 and the market is in the range of 2%.
01:56 If we look at the derivative data,
01:58 we can see a good support of 19,500.
02:02 The reason behind this is that
02:04 there is a good accumulation at the put side.
02:08 The Y's are increasing.
02:10 The Y's are increasing in the call of 19,600.
02:14 This means that it will be tough for the market to cross 19,600.
02:19 But if it does, it will be fast.
02:21 According to the current sentiment,
02:23 the sector-specific,
02:25 the bank has a profit booking.
02:27 The FMCG counter is in a bad shape.
02:29 The power sector has a profit booking.
02:31 But in the future,
02:33 the buying momentum may be gaining.
02:38 But it is important to look at the level.
02:43 If we look at the level,
02:45 if the opening is above 630,
02:47 then the level will be at 19,680.
02:52 Now let's focus on the future stocks.
02:56 Today, Petronet and NLT is gaining 6.5%.
03:01 It will be gaining tomorrow as well.
03:03 The gain will be increasing by 8% to 7%.
03:07 On the other hand, Voltage, Torrent Pharma, MGL, Balrampur, Chini,
03:12 and Jyoti Lab, which you can include in your portfolio,
03:17 will be seeing a 3-5% target upside.
03:21 [Music]
03:27 [BLANK_AUDIO]