Closing Bell: Sensex, Nifty end flat amid volatility; realty, PSU Banks outshine
Ajit Mishra, VP- Exploration, Religare Broking
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Requests ended nearly unchanged in a unpredictable trading session, mirroring the former session’s move. The standard opened on a negative note amid weak global cues and drifted further lower due to profit booking in FMCG, IT and financials. Still, a answer in the ultimate pruned all the losses and helped the indicator to close on a flat note. Among the standard indicators, Nifty managed to settle above situations A mixed trend was witnessed on the sectoral front while the request breadth was inclined on the advancing side.
Requests will first reply to macroeconomic data in early trade on Monday. On the global front, the forthcoming Fed match will remain in focus along with the updates on the new variant Amidall,wereiterate our view to maintain a positive yet conservative approach and concentrate more on stock selection. Nifty requirements to hold the 17300-17400 zone for farther recovery.
gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas
The Nifty witnessed a strong brio in the week gone in, which has brought the indicator to a pivotal resistance zone of 17500-17600. The recent history shows that the indicator had stumbled near this hedge, which had attracted dealing pressure. This time, the crucial DMAs are also near this zone therefore putting fresh pressure on the indicator. So the Nifty is consolidating near this chain for the last couple of sessions.
Structurally, the connection can continue for some further time before the Nifty prepares for the coming leg on the downside The indicator can take a dip towards 17300-17250 in order to fill up a recent gap area on the diurnal map. On the other hand, once the position of 17600 is crossed on a ending base, it’ll make a room for the Nifty to take a shot at 18000 latterly.
DECEMBER 10, 2021/ 0348 PM IST
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Vinod Nair, Head of Research at Geojit Financial Services
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Indian standard indicators traded with cuts to close flat following weak sentiments in the global request as the request awaits the release of Indian and US November affectation figures Losses in fiscal and IT sectors pressurized indicators lower while positive garden, bus and essence stocks helped in erasing losses along with strong support from medial and small caps Asian and European indicators were trading weak ahead of the US affectation data release as the request expects affectation situations to remain elevated.
DECEMBER 10, 2021/ 0334 PM IST
. Ending Bell Benchmark indicators ended on flat note in the largely unpredictable session on December 10 At near, the Sensex was down20.46 points or0.03 at, and the Nifty was down5.50 points or0.0 at. About 2024 shares have advanced, 1165 shares declined, and 125 shares are unchanged Asian Maquillages, Grasim Diligence, SBI, SBI Life Insurance and M&M were among the top Nifty winners. Disasters included Divis Labs, Titan Company, HDFC, Kotak Mahindra Bank and Tata Consumer Products. Among sectors, garden and PSU Bank indicators rose nearly 3 percent each, while essence, canvas & gas, power indicators ended in the green. BSE midcap indicator added0.35 percent and the smallcap indicator up nearly 1 percent.
