Nifty (-88, 25510)
Sensex (-148, 83311)
Bank Nifty (-273, 57554)
Benchmarks continued their losing streak after a holiday for 2nd straight session.
Nifty closed just a tad above 25500 mark.
Barring Auto & IT Indices, all the other sectoral indices ended in red.
Bottom-line: Return of risk at Dalal Street.
Technically speaking, Nifty needs to clear 25800 mark which becomes a crucial resistance on closing basis.
Adv-Dec 18—32
INDIA VIX 12.41 (-1.90%)
NIFTY PCR (11th NOV) 0.63
NIFTY PCR (25th NOV) 1.05
USD/INR Futures (NOV) (-0.12%, 88.68)
SECTOR GAINERS:
NIFTY IT (+0.18%)
NIFTY AUTO (+0.06%)
SECTORS LOSERS
NIFTY MEDIA (-2.54%)
NIFTY METAL (-2.07%)
NIFTY CONSUMER DURABLES (-1.98%)
TODAY’S MARKET RE-CAP:
1) Nifty (-0.34%) started to tumble after briefly staying in green in early action.
Now, Nifty is below its 21 DMA (25592), but still above its 50 DMA (25192) and its 100 DMA (25102). Nifty’s 200 DMA at 24364 mark.
2) Bank Nifty (-0.47%) too ended in red, falling in-line with Nifty. Bank Nifty’s new all-time-high still seen at 58577.50 mark.
4) The market breadth (17:33) was in favour of the bears.
4) Nifty Mid-cap 50 (-0.69%) and Nifty Small-cap (-1.39%) indices ended with even more losses.
STOCKS IN SPOTLIGHT:
1) State Bank of India (SBI), the largest stakeholder in SBI Funds Management (SBIMF), will divest 6.3% stake in the mutual funds-arm via an initial public offer (IPO), the lender said on Thursday.
2) Realty firm Godrej Properties on Thursday reported a 21 per cent increase in its consolidated net profit to ₹402.99 crore in the second quarter of this fiscal year. Its net profit stood at ₹333.79 crore in the year-ago period.
3) Shares of Indian Hotels Company (IHCL) hit an over five-month low of ₹707.20, falling 5% on the BSE in Thursday’s intra-day trade amid heavy volumes after the company reported the financial results for second quarter of financial year 2025-26 (Q2FY26) results.
BULLS OF THE DAY:
ASIANPAINTS (+4.64%)
RELIANCE (+1.47%)
ULTRACEMCO (+1.04%)
M&M (+0.95%)
WIPRO (+0.90%)
BEARS OF THE DAY:
GRASIM (-6.42%)
HINDALCO (-5.39%)
ADANIENT (-4.50%)
POWERGRID (-3.15%)
ETERNAL (-2.62%)
OUR VIEW FOR FRIDAY’S TRADE
After today’s debacle, staying nimble on any long positions is likely to be the preferred strategy.
Caution continues to be the buzzword.
ALL ABOUT NIFTY:
Nifty (CMP: 25510)
Support: 25351/25188
Resistance: 25800/25952
Range: 25379-256644
21 DMA: 25592
50 DMA: 25192
200 DMA: 24364
Trend: Neutral
BULLISH LOOKING STOCKS:
ASIANPAINT
RBLBANK
RELIANCE
BULLISH LOOKING STOCKS (LONG TERM):
BEL
CHOLAFIN
DEEP INDUSTRIES
BEARISH LOOKING STOCKS:
INDHOTEL
GRASIM
CONCOR
STOCKS TO AVOID:
JIOFIN
DMART
POWERGRID
Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.