Welcome to Markets Daily by Bajaj Broking, your go-to source for the latest updates from the stock market. Let’s dive into today’s key highlights. Don’t forget to check out our Evening Podcast for more updates!
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The benchmark indices ended the session near the day’s lows, with the Nifty slipping below 22,400, primarily due to weakness in IT and banking stocks.
The markets initially opened on a strong note, with Nifty crossing 22,500 in early trade. However, mid-session profit booking erased the gains, leading to a negative closing.
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Sensex: Declined 200.85 points (-0.27%), closing at 73,828.91.
Nifty: Dropped 73.30 points (-0.33%), settling at 22,397.20.
BSE Midcap & Smallcap: Both shed 0.7%, reflecting the broader market downturn.
Losers: Auto, IT, Metal, Media, and Realty sectors fell between 0.5% and 1%.
Gainers: The PSU Bank Index showed resilience, gaining 0.5% despite the overall market weakness.
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Bharat Electronics Ltd emerged as a top gainer, rising by approximately 1.18%.
Shriram Finance saw the biggest decline, falling by about 2.66%.
A breakout above 22,550 could trigger a significant rally in the market.
On the downside, if Nifty breaches 22,350, market sentiment may weaken further.
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Markets will remain closed tomorrow on account of Holi.
That’s all for today’s market wrap! Stay tuned for more updates with Markets Daily by Bajaj Broking. Don’t forget to subscribe for daily insights!
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
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