The market had hit a record high yesterday. For the first time yesterday, Nifty had closed above 16,600. There was strong buying in IT, FMCG shares. Nifty Bank had also improved by about two hundred and fifty points from the lower levels.
Sensex closed at 55,800 with a gain of 210 points yesterday. However, Nifty Bank recorded a decline of 230 points. Strong buying was seen in IT and FMCG stocks in yesterday’s session. While metal, banking and realty stocks remained under pressure. The IT index saw a huge rally for 5 weeks and closed at a record high. 11 IT stocks have closed at all-time highs. Buying was seen yesterday after 2 days of decline in midcap.
Out of 50 Nifty stocks, 27 stocks were buying. 18 out of 30 Sensex stocks were buying. 11 out of 12 stocks of Nifty Bank declined. Sensex closed 210 points higher at 55792. Nifty climbed 52 points to close at 16614. Nifty Bank closed 227 points lower at 35867. At the same time, the midcap climbed 90 points to close at 27598.
Due to the holiday of Muharram tomorrow i.e. tomorrow, the WEEKLY EXPIRY of NIFTY and BANK NIFTY will be held today. In such a situation, at what levels will the weekly expiry to be held today, CNBC-Awaaz has conducted a poll among the boxers, so let’s have a look at it.
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According to 50 percent experts in Awaaz Traders Poll, the expiry of Nifty can be between 16600-16500. 40 percent of the brokers included in the Awaaz Traders poll believe that the weekly expiry of Nifty can be between 16700-16600. At the same time, 10 percent of the brokers believe that the weekly expiry of Nifty can be between 16500-16400.
On the other hand, according to 60 percent of the traders polled on the weekly expiry of Bank Nifty, the expiry of Bank Nifty can be between 35900-35700, while 20 percent of the brokers in the poll say that it can be between 35700-35500. At the same time, 20 percent of the brokers believe that the weekly expiry of Bank Nifty can be between 36100-35900 and 36300-36100.
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