Nifty turns choppy after opening on a positive note


Equity tips:-




  • Nifty turns choppy after opening on a positive note.
     
  • PSU banks gain in trade post government allocates capital to banks when the market commenced today’s trade. Later PSU Bank index erased early gains and is also the top loser among all the sectoral indices followed by IT, FMCG and Realty index. On the other hand, Metals index is the top gainer.
     
  • Crucial support for Nifty is at 10,970 levels.
     
  • At 9:40 AM, the BSE Sensex was trading at 36,061, down 100 points, while the broader Nifty50 index was ruling at 11,066, down 16 points.
     
  • Volatility index India VIX down 0.63% at 17.9250.
     
  • Vedanta (+2.5%), Hindalco (+2%), Cipla (+1.7%), L&T (+1.3%) and GAIL (+1.2%) were the top gainers on Nifty50.
     
  • SBI (-2.5%), Tech Mahindra (-2.3%), Yesh Bank (-2.2%), TCS (-1.8%) and HCL Tech (-1.8%) were the top losers in today’s trade.
     
  • Out of 2,003 stocks traded on the NSE, 731 advanced, 843 declined and 429 remained unchanged today.
     
  • A total of 25 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE.
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