Stock Market

Stock Market : Market experts have said that there may be ups and downs in the stock market in the month of March. There was heavy selling in the stock market today on Friday. Major indices of the market closed in the red. So how will Kl Market fare in such a situation? Let us know how the market will be on March 18.

Stock market

The Indian benchmark index has today recovered all the losses of the last trading session. Nifty has closed at a low level around 22,000 today, so how will be the Kl Share Market.

At the end of the trading session, the Sensex closed at 72643.3, down 453.85 points or 0.62%. Nifty today closed at 22,023.30 with a decline of 123.40 points or 0.56%. Today around 1724 shares saw a rise, 1939 shares declined and there was no change in 113 shares. You can use these 5 Fast Trading Mobile Apps to invest in share market.

BPCL, M&M, Tata Motors, Mahindra & Mahindra, TVS Motors, Coal India and LNT were the top losers in Nifty today. While Zomato, UPL, Bharti Airtel, Vedanta, Bajaj Finance, HDFC Life Insurance, Adani Enterprises and Hindalco Industries have been the top gainers of Nifty.

Talking about sectorial indices, except Telecom, all other sectorial indices closed in the red today. Oil and Gas, Auto, Capital Goods, Health Care closed with a decline of 1-2 percent. An increase of one percent has been seen in the telecom index. BSE Midcap index closed down 0.5%. While the small cap index closed in the green.

How will the market be on 18th March?

Vinod Nair of Geojit Financial Services has said that a cautious trend has been observed in the market regarding midcap and small cap. In which the bread market declined. However, softening global commodity prices and an increase in India’s GDP growth forecast for FY2025 are expected to boost demand further. In such a situation, after stability in the market, a rise can be seen in the market.

Rupak Dey of LKP Securities has said that Nifty has once again closed below the rising trade line, in which the market sentiment will again weaken. The Moment Indicator is indicating recession to remain in the near term. For Nifty, there is immediate support at 50 DMA and on the upside, resistance is seen around 22,200 to 22,250.

Read this – Top 10 Multibagger Stocks for 2024 in India: Stocks that will grow in future 2024

Stock Market – Kunal Shah of LKP Securities has said that a stable trading level was seen in the Banknifty index today. In which a doji candle was formed which is a sign of clear direction in the market. Immediate resistance for Bank Nifty index lies at 47000, situated near the 20 day moving average. If it goes above this level the index can move towards 47,500 points. On the downside, support is visible at 46,500 to 46,300. If this support is broken, further decline may be seen in the market.

Disclaimer

The information given on Taaza Time 24 is not an investment advice. Before investing in the Stock Market, definitely take advice from a satisfied expert.

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