Share Market Falls: The Indian stock markets saw a strong ups and downs on the day of the week on 3 July. The Sensex and Nifty lost their initial leads and came in the red mark in the last hour of the business. The Sensex where the day fell from high to 600 points. At the same time, the Nifty fell to about 24,400. Around 2:38 pm, the BSE Sensex was trading at 83,194.10 with a decline of 215.59 points or 0.26%. At the same time, NSE Nifty fell 62.25 points or 0.24% to 25,391.15. During this period, there was no change in 1,762 shares, fall in 1,764 and no change in 119 shares.
However, despite the decline in the stock market, some sectors showed strength. The Nifty Media rose by about 0.8% to the day’s top performance. Nifty auto rose by 0.5%. Nifty Pharma was also 0.3% above. At the same time, the IT index was almost flat. On the other hand, the shares of public sector banks saw profits, due to which the PSU bank index fell to 0.9%. The Nifty Metal and Nifty Realty Index also saw a fall of up to 0.7%.
Talking about the broad market, the Nifty Midcap index was almost flat business. At the same time, the Nifty Smallcap index saw a rise of 0.2%.
Preparation for change in Nifty
Meanwhile, according to Nuwama Alternative and Quantitive Resear reports, the next review of the Nifty Index can include Max Healthcare and Indigo’s parent company Interglobe Aviation in the index. At the same time, IndusInd Bank and Hero MotoCorp can be excluded from the index.
What do experts say?
जियोजित फाइनेंशियल सर्विसेज के चीफ इनवेस्टमेंट स्ट्रैटजिस्ट, वीके विजयकुमार ने बताया, “निफ्टी ने 24,500-25,000 की रेंज को तोड़ते हुए अब 25,200-25,800 की नई रेंज बना ली है। अगर भारत-अमेरिका के बीच ट्रेड डील पर अच्छी खबर आती है, तो निफ्टी इस रेंज की ऊपरी सीमा पार कर सकता है, लेकिन मौजूदा कमाई के स्तर पर ज्यादा ऊपर टिके रहना मुश्किल will be.”
Changes in derivatives
“25,600 strike price remains with open interest,” said Dhupesh Dhemecha, a derivative analyst at the Samco Securities, said, “25,600 still remains with open interest, where 1.73 crore contracts are open.” This creates an important resistance level in the near future. On the other hand, there is an open interest of 1.06 crore contracts on a 25,000 put strike, which shows it a strong support level. “
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