GIFT Nifty down 27 points: Trading set for first trading session of 2024 on NSE, BSE

GIFT Nifty down 27 points

GIFT Nifty down 27 points

: Trading set for first trading session of 2024 on NSE, BSE
स्टॉक मार्केट ट्रेडिंग के लिए निःशुल्क डीमैट खाता खोलें

These domestic indices are going to start reporting in 2024, as the Gift Nifty signals to open in the red. The celebrations of the New Year kept most of the Asian markets closed around the world, while the global world will also observe a holiday on Monday. These small volumes of transactions can reduce emotions.

Around the country, traders prepare for third-quarter earnings from India Inc expected later this month, followed by an interim budget from the union with a view to general elections in 2024. Here’s everything you need to know before the campaign kicks off.

phenomenal perspective

phenomenal perspective
Rajesh Bhosale, Technical Analyst, Angel One said that it is recommended not to adopt an aggressive stance. On the contrary, it is recommended to reserve profits at higher levels. Any market decline should be considered as a buying opportunity unless there are clear indications of a significant price correction.

“Immediate support is observed around 21.600 and 21.500, while strong support is located around the mark 21.300. Although the prices are located in a charted area without visible resistance, 21850 followed by 22.000 represents an immediate obstacle, taking into account the overbought levels. Traders should monitor these conditions and adjust their strategies accordingly», he said.

स्टॉक मार्केट ट्रेडिंग के लिए निःशुल्क डीमैट खाता खोलें

The outlook of Nifty Bank

The outlook of Nifty Bank
Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty Bank fell lower, forming a small red circle on the daily chart. The resistance is located at 48300 at the higher end. As long as the indicator remains below 48300, the trend could lean towards the bearish sentiment.

«Appendixon, a decisive fall below 48.000 could lead the index below 47.500. On the contrary, a decisive move above 48.300 could push the indicator towards 48800-49.000 at the higher end», he said.

ΔΩΡΟ Το Nifty σηματοδοτεί ναργητικό ξεκίνημα
स्टॉक मार्केट ट्रेडिंग के लिए निःशुल्क डीमैट खाता खोलें
Nifty futures on the NSE International Exchange traded 27 units, or 0.12 percent, lower at 21.807.50, indicating a negative start for the domestic market on Monday.
Wall Street stocks end slightly lower
  1. Wall Street stocks end slightly lower
    US equities closed modestly lower on Friday, the last day of trading for 2023, capping a strong rally at year-end, as investors looked to easier monetary policy next year. The financial market experienced significant bullish dynamics in the last months of the year, feeding the three main indicators into monthly, quarterly and annual gains. GIFT Nifty down 27 points:
  2. Trading set for first trading session of 2024 on NSE, BSE The Dow Jones Industrial Average fell 20.56 points or 0.05 percent to 37.689.54, the S&P 500 lost 13.52 points or 0.28 percent to 4.769.83 and the Nasdaq Composite fell 65.15 percent. Or at 830.81 units.
  3. F&O shares
Only one stock, Hindustan Copper, has been placed under the ban of the F&O section of the National Stock Exchange (NSE) for Monday, January 1, 2024. The companies whose contracts are in danger exceed 95 percent of their positions in the entire market. Are placed under ban in section F&O.

FPIs buy shares worth Rs 1.459 crore
स्टॉक मार्केट ट्रेडिंग के लिए निःशुल्क डीमैट खाता खोलें
The provisional data available with the NSE suggests that FPIs were net buyers of domestic shares worth Rs 1,459.12 crore on Friday. On the other hand, domestic institutional investors (DIIs) made net sellers of Indian shares to the tune of Rs 554.39 crore.
 Foreign investors bought Rs 66.135 crore in domestic equities in December 2023, while they bought local equities worth Rs 1.71.107 crore in the entire year 2023.
The euro gains 4 paise against the US dollar
The rupiah was revalued by 4 paise to convert to 83.16 against the US dollar on the last day of trading in 2023, underpinned by the α-dipping of the dollar against major competitors abroad and the renewed inflows of foreign capital amid lower crude oil prices.

However, subdued domestic equity markets and increased demand for dollars at the end of the month from investors limited the rise in the domestic unit, traders said.

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GIFT Nifty down 27 points

which is a stock market index in India

It seems like you’re referring to the Nifty, which is a stock market index in India. If the Nifty is down 27 points, it means that the overall value of the stocks in the index has decreased by 27 points compared to the previous trading session. This movement could be influenced by various factors such as economic news, corporate earnings reports, geopolitical events, or investor sentiment. Investors and traders often monitor such movements closely to make informed decisions about buying or selling stocks.

स्टॉक मार्केट ट्रेडिंग के लिए निःशुल्क डीमैट खाता खोलें

 

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