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Home Technical Analysis Market Analysis

Post Market Vignette 04.03.2015

Elearnmarkets by Elearnmarkets
February 26, 2020
in Market Analysis, Market Wrap
Reading Time: 1 min read
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Post Market Vignette 04.03.2015

The markets had a roller coaster ride today as it opened at 9109 (+113) with the surprise rate cut by RBI of 25 basis points. It made a high of 9119.2 and low of 8893 but finally closed at  8922 (-0.82%). The immediate support for Nifty can be seen at 8720 while the resistance is at 9150.

 

Among the sectors, CNX PHARMA (+1.32%) was the only gainer today followed by CNX FMCG (+0.40%). The biggest losers today were CNX PSU BANK (-3.04%), CNX METAL  (-2.57%). The Nifty breadth was very negative today with 8 advances and 41 declines and 1 unchanged.

 

Among the prominent stocks, SUNPHARMA was the highest gainer today with about +7.09% today along with DLF (+1.52%) and ITC (+0.92%). The highest Nifty losers were SSLT (-3.96%), NMDC (-3.76%) and HINDALCO (-3.72%).
Markets were very jittery today. With a very positive opening, it proved to be disappointing till the time the markets closed.

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