North India Statesman
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News India Live, Digital Desk: Global Cues Mixed: On Wednesday, the domestic benchmark index opened with a slight decline amid mixed global signals as the FMCG and auto sector were seen selling in early trade. At around 9.26 am, the Sensex was trading at 81,459.02 at 81,459.02 at 9.26 am, while the Nifty was trading at 24,809.45 with a decline of 16.75 points or 0.07 percent.
Nifty Bank 78.15 points or 0.14 The percentage was increased to 55,430.95. The Nifty Midcap 100 index was trading up 171.55 points or 0.30 percent to 57,326.05. The Nifty Smallcap 100 index was up 114.25 points or 0.64 percent to 17,839.40.
Yesterday, the Nifty closed down in a very ups and downs in a very ups and downs. Technically, 24,462 is an important swing low. If it remains – and it is a favorite approach – then the market will target resistance at first 25,116 and then 25,390.
Akshay Chinchakar, head of research of Axis Securities, said, “On the other hand, if 24,462 breaks, a ‘rising veg’ pattern will be activated, in which the target below will be set around 23,900–24,000.”
Meanwhile, ITC, Titan, Nestle India, Hindustan Unilever Limited, M&M and Sun Pharma were the most damaged among the companies included in the Sensex. While Infosys, Tata Motors, Bharti Airtel, HCL Tech, Bajaj Finance and NTPC were the most profitable.
Bangkok, Seoul, China, Jakarta and Japan were trading in the green mark in Asian markets. Only Hong Kong was trading in red mark. In the last trading session, Dow Jones in the US gained 740.58 points, or 1.78 percent, closed at 42,343.65. S&P 500 closed at 5,921.54 at 5,921.54 and Nasdaq 461.96 points, or 2.47 percent, closed at 19,199.16.
There was a positive attitude in the global markets on Tuesday. Experts say that despite the domestic fall, foreign institutional investors (FIIs) remained a pure buyer, which reflects the growing trust in the Indian market.
On the institutional front, foreign institutional investors (FIIs) were pure buyers as they bought equity worth Rs 348.45 crore on 27 May, while domestic institutional investors (DIIs) bought equity worth 10,104.66 crores.
