#Nifty #Banknifty
NIfty
Support Zone 21710-21578
Resistance Zone 22147-22224
Banknifty
Support Zone 47069-46827
Resistance Zone 47899-48161
Nifty Oil & Gas was the top loser, falling by 3.2 percent. Nifty Metal and FMCG indices dropped 2.9 percent and 2.5 percent respectively. Nifty Pharma and Realty indices fell 2 percent each. Among gainers, Nifty Auto rose by 0.8 percent
On 10 May, India's benchmark indices took a hit, with NSE Nifty 50 dropping below 22,000 and BSE Sensex plunging over 1,000 points, both marking over a 1 percent intraday fall. Sensex closed 1,062 points at 72,404, and Nifty 50 down 335 points at 21,967. This marks the fifth consecutive day of decline.
Nifty dropped below 100-day moving average since November 12 due to election uncertainties and concerns over PM Narendra Modi's expected smaller majority, pushing the benchmark down 3 percent from its record high. Weak Q4 results and rising crude prices add to the downward pressure, analysts noted.
Market witnesses widespread decline with frontline indices dropping 1-2 percent, while Midcap Index plunges by 1,000 points. Weakness persists in the midcap segment, favoring declines in market breadth. Except Nifty Auto, all sectors declined. Nifty Oil & Gas was the top loser, falling by 3.2 percent. Nifty Metal and FMCG indices dropped 2.9 percent and 2.5 percent respectively. Nifty Pharma and Realty indices fell 2 percent each. Among gainers, Nifty Auto rose by 0.8 percent.
Support Zone 21710-21578
Resistance Zone 22147-22224
Banknifty
Support Zone 47069-46827
Resistance Zone 47899-48161
Nifty Oil & Gas was the top loser, falling by 3.2 percent. Nifty Metal and FMCG indices dropped 2.9 percent and 2.5 percent respectively. Nifty Pharma and Realty indices fell 2 percent each. Among gainers, Nifty Auto rose by 0.8 percent
On 10 May, India's benchmark indices took a hit, with NSE Nifty 50 dropping below 22,000 and BSE Sensex plunging over 1,000 points, both marking over a 1 percent intraday fall. Sensex closed 1,062 points at 72,404, and Nifty 50 down 335 points at 21,967. This marks the fifth consecutive day of decline.
Nifty dropped below 100-day moving average since November 12 due to election uncertainties and concerns over PM Narendra Modi's expected smaller majority, pushing the benchmark down 3 percent from its record high. Weak Q4 results and rising crude prices add to the downward pressure, analysts noted.
Market witnesses widespread decline with frontline indices dropping 1-2 percent, while Midcap Index plunges by 1,000 points. Weakness persists in the midcap segment, favoring declines in market breadth. Except Nifty Auto, all sectors declined. Nifty Oil & Gas was the top loser, falling by 3.2 percent. Nifty Metal and FMCG indices dropped 2.9 percent and 2.5 percent respectively. Nifty Pharma and Realty indices fell 2 percent each. Among gainers, Nifty Auto rose by 0.8 percent.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.