Evening Coffee with Market - 29/03/2023
By: Jay Patel | 29 March, 2023
Market Overview
- Nifty50 ended above its range of17,050 indicating bullishness in charts. Nifty Midcap100 and Nifty Smallcap100 ended in green by 1.54% and 1.73% respectively.
- India VIX ended lower by -9.80% falling -1.48 points to close at 13.62;
- Advance-Decline Ratio on NSE ended at 2.52 indicating more number of companies advanced as against declining. Overall out of 2746 Nifty companies 1643 - Advances, 651 - Declines and 452 - Unchanged.
- Sectorally, all sectors ended in positive note. Banking , Metal, Auto and Realty sector outperformed other indices today
- Total Equities traded value increased to Rs. 58,528.84 Vs Rs. 44,162.05 crore in previous trading session.
- Derivative to Cash Ratio stood at 4.51 indicating higher amount of trades taken in derivatives (including Options and Futures) as against cash market. Source: NSE, BSE, RBI
- Nifty close above 17,050 decided next leg of rally till 17,200 levels.
- Bank Nifty close above 40,000 levels could possibly take bank nifty to 40,500-41,000 levels
- Pharma stocks are showing strength on account of rising viral infections.
- Financial year end could bring cheers to broader based market.
- Govt extended timeline for nomination till 30 Sep.
To read detailed analysis report, click here
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