After losing over 900 points in day trade, the 30-share index recovered some lost ground to close with a loss of 511.38 points or 0.62 per cent at 81,896.79.
Here’s how analysts read the market pulse:
“Market participants remained cautious amid spike in crude oil prices due to concerns over potential supply disruptions from the Strait of Hormuz. However, selective buying by investors supported broader market outperformance with Nifty Midcap100 and Nifty Smallcap100 gaining 0.4% and 0.8% respectively,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
US markets
Wall Street stocks were little changed early Monday as markets took in stride the latest in the Iran-Israel conflict, including the weekend bombing of Iran ordered by US President Donald Trump.
European Markets
European shares fell on Monday after the US decision to join Israel in striking Iran’s nuclear facilities over the weekend heightened investor fears of an escalation in the Middle East conflict.
The pan-European STOXX 600 index was down 0.3% at 535.11 points, as of 0712 GMT. Other major regional indexes also traded lower.
Tech View
Going forward, Nifty is expected to maintain positive bias and gradually head towards 25,200–25,250 levels in the coming sessions being the upper band of the last five weeks consolidation range. Immediate bias remains positive above 24,700-24,800 levels being the confluence of last week low and 20 days EMA.
Most active stocks in terms of turnover
ZEE (Rs 2,391 crore), BSE (Rs 1,912 crore), BEL (Rs 1,796 crore), GRSE (Rs 1,693 crore), BEML (Rs 1,429 crore), Trent (Rs 1,377 crore) and Cochin Shipyard (Rs 1,263 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 32.29 crore), ZEE (Traded shares: 16.38 crore), Ola Electric (Traded shares: 9.47 crore), YES Bank (Traded shares: 8.46 crore), UCO Bank (Traded shares: 5.64 crore), Suzlon Energy (Traded shares: 4.81 crore) and Vishal Mega Mart (Traded shares: 4.53 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of GRSE, Poonawalla Fincorp, Narayana Hrudayalaya, BEL, MCX India, Aditya Birla Corp and Authum Investment among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 83 stocks hit their 52 week highs today while 84 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Bharti Airtel.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Ola Electric and Siemens.
Sentiment meter bullish
The market sentiments were bearish. Out of the 4,240 stocks that traded on the BSE on Tuesday, 2,273 stocks witnessed declines, 1,788 saw advances, while 179 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
