Indian benchmark indices ended lower for the third consecutive session on October 1 with Nifty below 25,800 amid widening current account deficit and weak manufacturing data.
At close, the Sensex was down 33.49 points or 0.04 percent at 84,266.29, and the Nifty was down 13.95 points or 0.05 percent at 25,796.90.
Market will remain shut on October 2 on account of Mahatma Gandhi Jayanti.
Also Read - Manufacturing activity declines to eight-month low of 56.5 in SeptemberTech Mahindra, M&M, Britannia Industries, Adani Enterprises and Infosys were among the top gainers on the Nifty, while losers were IndusInd Bank, ONGC, Asian Paints, Bajaj Auto and Titan Company.
Among sectors, buying was seen in media, auto, and IT, while selling was seen in the telecom, power, FMCG, Oil & Gas, and realty sectors.
BSE Midcap index was up 0.3 percent, and Smallcap index was up 0.5 percent.
239 stocks touched their 52-high on the BSE, including, Akzo Nobel, Balrampur Chini, BASF, Bombay Burmah, Britannia Industries, Deepak Fertilisers, EID Parry, Fortis Healthcare, Hindalco Industries, ICICI Prudential, JM Financial, Lloyds Metals, Metropolis, NALCO, Polycab India, Shree Renuka Sugars, Tata Communications, V-Mart Retail, among others. Click to view full list
Also Read - Markets not pricing in Middle East conflict risk yet, correction likely if crude oil spikes: Analysts
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 85,712.37 | 447.05 | +0.52% |
| Nifty 50 | 26,186.45 | 152.70 | +0.59% |
| Nifty Bank | 59,777.20 | 488.50 | +0.82% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Shriram Finance | 854.90 | 26.75 | +3.23% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Interglobe Avi | 5,370.50 | -66.00 | -1.21% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 8381.75 | 125.05 | +1.51% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Pharma | 22947.20 | -11.80 | -0.05% |
Indian equities started the session on a strong note but the higher levels did not last for long and erased all its gains. In the non-directional trend, the Index oscillated in a thin range and finally ended the session at 25,796.90 with a loss of 13.95 points.
On the sectoral front, Media and IT were the top performers while Energy was the major laggard. Mid and Smallcaps advanced by 0.34% & 0.79% and outshined the Frontline Index.
After a big bearish candle, Nifty50 has formed a DOJI candlestick with a probable hidden bullish divergence in the RSI. A convincing move above today's high i.e. 25,910 will confirm the divergence and in that scenario, the momentum may extend to 26,000; while on the flip side, a break below 25,750 will drag the Index lower to 25,575.
Rupak De, Senior Technical Analyst, LKP SecuritiesNifty formed a doji pattern with a long upper shadow on the daily chart, indicating market indecision. Heavy call writing at 25800 suggests it may act as strong resistance if sustained. Immediate support lies at 25750, and a decisive break below this could push the index to 25600/25500. On the higher side, a move above 25800 may propel Nifty towards 26050, where sellers could become active again.
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