Stock market shaken by US-Iran tension! Sensex closed with a loss of 372 points; Investors lost crores of rupees

Share Market Highlights: The Indian stock market closed in the red on Monday, the first trading day of the week, due to rising tensions between America and Iran. In this way, the trend of two consecutive days of growth in the domestic market was broken, when due to pressure in the shares of Auto, IT and Public Sector Banks, the major benchmark Sensex and Nifty 50 fell by about 0.50 percent.

At the time of closing of the stock market, the 30-share BSE Sensex fell by 0.48 percent or 372.10 points to reach 76,728.37, while the NSE Nifty50 slipped by 0.46 percent or 109.75 points and closed at 23,946.25. In the broader market, Nifty Midcap and Nifty Smallcap indices closed down by 0.37 per cent and 0.62 per cent respectively.

Highest growth in pharma and healthcare

Sector wise, Nifty Pharma, Nifty Healthcare and Nifty Metal recorded the highest gains. Whereas on the contrary, the auto index saw the maximum decline of 2 percent. Along with this, shares of Nifty Media, Nifty Oil & Gas, Nifty IT, Nifty Private Bank, Nifty PSU Bank and Nifty Realty fell by 0.9 per cent to 1.3 per cent.

Among the stocks that suffered the most losses in Nifty 50 Kotak Mahindra BankM&M, TMPV, Indigo and Maruti Suzuki were among the top losers, while Max Healthcare, Dr Reddy’s Laboratories, Coal India, Eternal, BEL and Trent were the biggest losers.

today’s top gainers

• eternal
• Trent
• Bharatiya Electronics Limited
• NTPC
• powergrid

What is the expert’s opinion regarding the market?

A market expert said that in Monday’s session domestic stock market There was ups and downs in business. Benchmark index Nifty traded in the range of around 195 points throughout the session. There was high volatility in the market in the first part of the day, while in the second part the trading was confined to a very limited range and Nifty kept moving in the range of only 63 points. The index formed a bearish candle on the daily chart, indicating short-term weakness.

From a technical point of view, Nifty is still trading above its 20-day and 50-day exponential moving averages (EMA), indicating that the market is finding support at lower levels. However, momentum indicators and oscillators are showing that currently there may be a phase of consolidation in the market and the index may trade in a limited range.

Also read: Share MarketStock market opened flat amid ups and downs, rise in pharma shares, know the condition of Nifty-Sensex.

How will the market move in the future?

According to experts, the range of 23,850-23,800, where 20-day and 50-day EMAs are present, will act as important support for Nifty in the coming trading sessions. If the index slips decisively below 23,800, the fall could extend to 23,650. On the other hand, the area of ​​24,070-24,100 remains a strong resistance. Unless Nifty crosses this level strongly, the bullish momentum in the market may remain limited.