S&P BSE Smallcap index fell 1.1 percent, while the S&P BSE Midcap index was down by 0.6 percent
Nifty50 which opened with gains failed to hold onto the momentum and quickly tuned negative making a ‘Long Black Day’ kind of candle on the daily charts.
The resistance is placed at 11,700 while a close below 100-days moving average placed at 11,560 could extend the decline towards 11461, said experts.
The final tally on D-St – Sensex rose 84 points to 39,215 and Nifty closed 24 points higher at 11,687
Except IT, which ended with minor losses, all indices ended with gains.
WPI inflation data added some tailwind for Indian markets as wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 percent in June
The broader market outperformed as the S&P BSE Midcap index gained 0.41 percent while the S&P BSE Smallcap index rose 0.16 percent on Friday.
Sensex rose 266 points to 38,823 and Nifty closed 84 points higher at 11,582 thanks to positive global cues
Sensex fell 173 points to 38,557 while Nifty closed 57 points down at 11,498. The index closed below 100-day exponential moving average (EMA) placed around 11,500
The S&P BSE Realty index rose 2.8 percent, followed by the S&P BSE Healthcare index which was up 1.8 percent, and the S&P BSE Capital Goods index rose 1.6 percent.
Sensex and Nifty50 saw their worst fall in 2019, and worst single-day fall in 4 years
Sensex crashed 394 points to 39,513 while the Nifty closed 135 points down at 11,811
The market expects a roadmap for various sectors to get reflected in the budget. Sectors like agriculture, rural market, banks, infrastructure, and water resources are likely to be the focus areas
Technically, Nifty formed a bearish candle on daily charts that resembles a ‘Doji’ pattern on the daily charts
Amongst the broader market indices, BSE Midcap gained in line with the benchmark, while BSE Smallcap closed on a flat note
Global markets edged higher as trade tensions between the US and China eased that helped Nifty breakout above 11,800
Nifty consolidated in a narrow range with 50-day exponential moving average (EMA) acting as a support for the index while on the higher side, 20-day moving average placed around 11850 posed a tough resistance
Metal stocks rallied on hopes of some resolution on the trade war front. US Treasury Secretary Steven Mnuchin said that the trade deal between the United States and China is “about 90 percent” complete
Broader market underperformed benchmark indices. The S&P BSE Midcap index rose 0.66 percent, while the S&P BSE Smallcap index gained 0.32 percent
Nifty formed a bearish candle on the daily charts for the second session in a row. Now, a break below 11,600 could lead to further selling in the index
For the week ended June 21, the S&P BSE Sensex fell by 0.65 percent while the Nifty50 saw a decline of 0.84 percent in the same period.
The Nifty Midcap and Smallcap indices outperformed frontline indices, rising 1.6 percent and 1.5 percent, respectively. About three shares advanced for every two shares falling on exchanges
Even though benchmark indices closed flat-to-higher, carnage was seen in individual stocks largely from the broader market space
Investors tread with caution ahead of the outcome of the crucial US Fed meeting on Wednesday, and rise in trade war fears which capped upside for markets.
Weak global cues, trade war fears, high valuations, rise in crude oil prices, delay in monsoon, and reduction in the flows from foreign investors were some of the factors that weighed on sentiment