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Live: Nifty turns choppy; what should traders do? Britannia, Nykaa Q3 today | Airtel in focus

Indian equity market is unlikely to see significant correction but the consolidation is expected to continue with support at the 21,500 mark and the hurdle on the higher side is at the 22,000 mark, experts said. On February 5, the benchmark indices had a positive trade since the opening but the bears turned active in the last hour of trade and pushed the market down. The BSE Sensex was down 354 points at 71,731, while the Nifty 50 declined 82 points to 21,772. The India VIX, the fear indicator, increased by 6.25 percent to 15.62, from 14.70 levels, indicating the volatility may increase. This morning global cues are mixed with Wall Street retreating from record. Asian markets are largely mixed after China tightens trading curbs on domestic as well as offshore investors. The Gift Nifty is hinting at a muted start for the Indian market. Stocks in focus will be Bharti Airtel, Britannia, Nykaa among others. Meanwhile MC Pro’s independent in-house research team has crafted the MC Pro Election 2024 portfolio to help subscribers ride on the economic opportunities on the back of 14 stocks. What’s the rationale behind handpicking these stocks and which themes are in focus? Catch Nandita Khemka in conversation with Moneycontrol Pro’s Madhuchanda Dey and Sacchitanand Uttekar, VP- Research (Derivatives And Technicals), TradeBulls Securities.

first published: Feb 6, 2024 08:59 am