The benchmark indices ended flat post a volatile trading session on 8th March 2021.
At close, the Sensex was up 35.75 points or 0.07 per cent at 50,441.07 and the Nifty was up 18.10 points or 0.12 per cent at 14,956.20. About 1698 shares have advanced, 1382 shares declined and 208 remain unchanged.
On the Nifty 50 index, UPL (6.49 per cent), GAIL (4.76 per cent), Larsen (3.53 per cent), ONGC (2.87 per cent) and SBI Life Insurance (2.25 per cent) were the top gainers for the day, while Shree Cements (-2.38 per cent), Bajaj Finance (-2.28 per cent), Ultratech Cement (-2.09 per cent), IndusInd Bank (-2.08 per cent) and Bajaj Auto (-1.40 per cent) were the top losers for the day.
On the sectoral front, Nifty Metal, Nifty Pharma, Nifty Bank, Nifty PSU Bank, Nifty IT and Nifty Energy closed in green, while Nifty Realty, Nifty Auto, Nifty FMCG and Nifty Financial Services closed in red.
The BSE Midcap and Smallcap indices were up 0.30 per cent and 0.63 per cent respectively.
Author’s View: Nifty’s immediate support is placed at 14,850 level. If Nifty breaks this level we can see the index moving towards 14,730 – 14,650. However, a breakout above 15,280 in Nifty can lead to a bullish target of 15,370 – 15,450.
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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