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Live: Nifty set for wild ride amid tug of war between bulls & bears| Tata Steel, strides in focus

Indian equity market saw an extremely volatile session on Monday, after four days of correction. The benchmark indices settled flat with a positive bias. The rangebound trade is expected to continue unless the index gets firm close above 19,800 for the higher side, while the decisive breaking of 19,600-19,500 zone can bring more correction in the market, experts said. The Nifty50 rose 0.2 points to 19,674.50, and the BSE Sensex gained 15 points at 66,024, while the Nifty Midcap 100 index rose 0.66 percent and Smallcap 100 index was up 0.04 percent. The market breadth was slightly in favour of bears as about 1,099 shares declined against 963 rising shares on the NSE. On the sectoral front, the Nifty Bank index snapped four-day losing streak, rising 154 points to 44,766, while the Nifty IT index corrected 258 points. This morning global cues are fairly mixed as Asian markets edge lower despite positive cues from US peers. Wall Street snapped its 4-day losing streak to end in the positive zone. Meanwhile, the Gift Nifty is hinting at a muted start for the Indian market. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals) At TradeBulls Securities and Dhiraj Relli, MD & CEO, HDFC Securities.

first published: Sep 26, 2023 08:38 am