Sensex down 232 points; Pressure on IT, Pharma, FMCG, Metals continues

Indian benchmark indices have been down on Thursday, following blended buying and selling amongst world friends. After a flat opening, Sensex was down 232 factors or 0.32 per cent at 73,245 factors, and Nifty was down 44 factors or 0.20 per cent at 22,257 factors.

In early commerce, the Nifty Auto, PSU, Realty, and Private Banks indices are exhibiting indicators of shopping for. There is strain on the IT, Pharma, FMCG, Metal, Fin service, and Energy indices.

In the Sensex pack, M&M, HCL Tech, Kotak Mahindra, Maruti Suzuki, and Tata Motors are the highest 5 gainers. L&T, TCS, ITC, JSW Steel, and Bajaj Finserv are the highest losers.

The Nifty Midcap 100 index was buying and selling marginally decrease by 31 factors, or 0.06 per cent, at 49,988 factors. At the identical time, the Nifty Smallcap 100 index was at 16,464 factors, with a marginal achieve of 8 factors, or 0.05 per cent.

Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd, stated, “Nifty indicated weak point with a gap-down opening to make a low of twenty-two,180 and witnessed some restoration to shut on a flat word. However, bias was nonetheless maintained with a cautious strategy. The index would have a degree of twenty-two,000 as the most important help zone from present ranges, and a decisive breach above 22,400 is important to enhance the sentiment. Sensex has closed under 20 DMA and a break under 73,000 ranges. The index can slide additional to 72,700 ranges of the decrease band of the rising pattern line sample, with bias turning weak. The help for the day is seen at 73,000/22,150 whereas the resistance is seen at 74,000/22,450.”

(With inputs from IANS)