Indian inventory market: Regardless of weak point within the Indian inventory market, as many as 14 shares listed on the Bombay Inventory Change (BSE) hit higher circuit limits in Thursday’s buying and selling session.
Zaggle Pay as you go Ocean Companies, Orient Applied sciences, Indo Tech Transformers, Madhucon Tasks, Avalon Applied sciences, Veritas India, Meera Industries, Ken Monetary Companies, Sungold Capital, Jyothi Infraventures, Vega Jewellers, Marsons Restricted had been among the many shares that hit higher circuit limits immediately, February 20.
In the meantime, solely 4 shares listed on the BSE hit decrease circuit limits immediately.
Inventory market immediately
Indian markets ended within the crimson once more, with promoting stress in monetary and IT shares knocking down the important thing indices, regardless of positive aspects in metallic and actual property sectors.
The Nifty 50 closed the session with a slight decline of 0.08 per cent, settling at 22,913, whereas the Sensex dropped 0.26 per cent from Wednesday’s closing, ending at 75,736.
The Nifty Midcap 100 index ended the session with a 1.30% enhance, closing at 51,163 factors, whereas the Nifty Smallcap 100 index noticed a barely larger rise of 1.43%, ending at 15,747 factors.
“Nifty ended marginally decrease at 22,913 stage (-0.1%), amid blended world cues. US markets gained on Tuesday with the S&P 500 closing at a document excessive for the second-straight day. Asian markets declined as U.S. President Donald Trump’s proposed tariffs and Federal Reserve’s stance of maintaining fee cuts on maintain within the close to time period, weighed on investor sentiments. Minutes of the FOMC’s newest coverage assembly launched on Wednesday instructed that Trump’s commerce insurance policies might hold the inflation fee above Fed’s goal, reinforcing its affected person strategy in direction of future fee cuts. Broader market indices continued to outperform for the second steady buying and selling session, with Nifty Midcap100 and Nifty Smallcap100 gaining over 1% every,” Siddhartha Khemka, Head – Analysis, Wealth Administration, Motilal Oswal Monetary Companies Ltd.
Khemka additional added, “We count on Nifty to consolidate close to its present ranges within the absence of any contemporary triggers, as it may be seen holding above 22,800-22,900 ranges because the previous seven buying and selling classes supported by shopping for at decrease ranges.”
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