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Monday, January 14, 2019
Sensex starts over 100 points lower, Nifty around 10,750; DMart falls 7%
Market opens Equity benchmarks have begun the day on a lower note, with the Sensex shedding over 100 points. The Nifty is trading around 10,750.
Barring IT, all other sectoral indices are trading in the red, with pain visible among banks, automobile, consumption and infrastructure sectors.
The Sensex is down 139.52 points or 0.39% at 35870.32, and the Nifty down 44.20 points or 0.41% at 10750.80. The market breadth is negative as 303 shares advanced, against a decline of 475 shares, while 45 shares were unchanged.
Infosys, Sun Pharma, and HPCL are the top gainers, while Larsen & Toubro, Axis Bank, and HDFC have lost the most.
Rupee Update: The Indian rupee opened flat at 70.48 per dollar on Monday versus Friday's close 70.49.
Rupee Update: The Indian rupee opened flat at 70.48 per dollar on Monday versus Friday's close 70.49.
Source:https://www.moneycontrol.com/news/business/markets/stock-share-market-live-updates-bse-nse-sensex-starts-over-100-points-lower-nifty-around-10750-dmart-falls-7-3385741.html
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Friday, January 11, 2019
Nifty forms 'Hammer' pattern, ends below 10,800; focus on stock specific opportunities
It was another rangebound session for the market on Friday as traders await more December quarter earnings. The Nifty50 closed lower for the second consecutive session despite positive Asian cues, dragged by select banks and auto stocks.
The index closed below 10,800 levels and formed 'Hammer' kind of pattern on the daily charts (which also resembles 'Hanging Man' pattern) and showed 'Doji' formation on the weekly scale. For the week, the Nifty gained 0.6 percent.
After the rangebound trade for last few sessions, the index is expected to show direction on either side in coming week, experts said, adding earnings could be key reason for the move.
The Nifty50 after opening marginally higher hit a day's high of 10,850.15, but in morning itself, it drifted lower to touch an intraday low of 10,739.40 followed by small recovery from day's low in late trade. The index was down 26.60 points to close at 10,795.
"Nifty50 registered a Hammer formation before signing off the last session of the week as it smartly recovered from day's low of 10,739 levels where as weekly chart registered a 'Doji' with positive close after moving in a narrow range of 137 points throughout the week," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-hammer-pattern-ends-below-10800-focus-on-stock-specific-opportunities-3380821.htmlIf you need more information about the Stock Market:
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Sensex starts on a flat note, Nifty holds 10,800; TCS down 1% post Q3 show
Market opens It is a flat start to the market on Friday morning, with the Nifty holding 10,800-mark.
The Nifty IT index is down around half a percent, with TCS dragging around 1 percent. Banks, consumption and metals were the other big gainers. The Nifty midcap index is up one-tenth of a percent.
The Sensex is up 48.99 points or 0.14% at 36155.49, while the Nifty is higher by 9.10 points or 0.08% at 10830.70. The market breadth was positive as 301 shares advanced, against a decline of 115 shares, while 32 shares were unchanged.
Yes Bank and ITC are the top gainers, while TCS, Power Grid, and Bharti Airtel lost the most.
Rupee Update: The Indian rupee opened flat at 70.42 per dollar on Friday versus Thursday's close 70.41.
Source:https://www.moneycontrol.com/news/business/markets/stock-share-live-updates-market-live-sensex-starts-on-a-flat-note-nifty-holds-10800-tcs-down-1-post-q3-show-3377521.html
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