In the morning Nifty and Sensex closed higher today. Nifty opened gap up with more than 60 points. Nifty made the high of 21726.50 in the early morning and then it falls gradually and make closing lower than the opening of the day but still its closing was higher than the previous day. Nifty made a low of 21593.75.
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Nifty took resistance at 21725 which was a previous major resistance on the day of 9th January. Nifty falls more than 200 points on that day. Nifty respected that resistance today as well.
21600 was a major resistance on the day of 20th Dec, 2023. Nifty took the support exactly from that level today and bounced higher. Reliance is the main constituent of Nifty 50 and closed 69.7 points higher today with a percentage of 2.63%. Nifty remains sideways from 10:30AM to 2PM.
Sensex closed 63.47(0.09%) higher
Sensex was also up today like nifty 50. Sensex made a high of 71999.47 and then fall gradually till 71550. It then bounced and closed higher from the low of the day, but the day’s closing is red but fortunately it is higher than the previous day marginally.
Sensex is making higher lows on 15 minute time frame but on the daily time frame it is sideways.
Top gainers of the Day
| Stock | Price |
|---|---|
| Hero Motocorp | 4342.20(4.94%) |
| Bajaj Auto | 7298.85(3.48%) |
| RIL | 2719.80(2.64%) |
| AXIS BANK | 1125.75(1.70%) |
Top Losers of the Day
Banknifty gave a higher closing like Nifty
| Stock | Price |
|---|---|
| Infosys | 1494.20(-1.70%) |
| Dr. Reddys | 5692.45(-1.64%) |
| SBI Life | 1427.80(-1.63%) |
| HUL | 2536.20(-1.60%) |
Banknifty closed today at 47438.35 which is 77.50(0.16%) points higher than yesterday. Banknifty made a high of 47662.10 and then it falls gradually till 47237 and then bounced higher to close higher from day’s low but the overall day’s closing is red but it is marginally higher than previous day’s closing. The main constituents of banknifty like HDFC Bank, ICICI Bank, and SBI Bank closed in red today. But at the same time Kotak Bank, Axis Bank and Indusland Bank closed in green.
Infosys Quarter 3 Results:
Infosys which is a major IT company reported a consolidated net profit of Rs 6106 Crores for the Quarter ended December, which was down 7% from Rs 6586 Crores reported in the previous year quarter.
Revenue from operations during the third quarter third rose by 1% to 38821 crore, compared with 38318 crore in the corresponding quarter of the previous year.