New Delhi:
On Thursday, the Indian stock markets slowed down after going up for six days. Both NIFTY50 and SENSEX went down by about 0.3%. NIFTY50 could not cross 24,500, and SENSEX stopped at around 80,252.
What experts say:
The market is moving in a straight line (sideways), but it still looks a bit strong. Experts think the NIFTY50 will stay between 24,000 and 24,500 for now. That means 24,000 is a support level (where buyers come in), and 24,500 is a resistance level (where sellers stop the rise).
World markets:
- Asian and US markets did well.
- Nikkei (Japan): Up 1.4%
- Hang Seng (Hong Kong): Up 0.81%
- Dow Jones: Up 1.23%
- NASDAQ: Up 2.7%
- S&P500: Up 2.03%
The US stock market rose because of good news about trade talks with China and hopes that interest rates might go down.
SENSEX news:
SENSEX also fell on Thursday. One reason was that some companies, like Hindustan Unilever, gave weak business updates. Experts say if SENSEX goes above 80,254, it could go higher.
Stock activity:
- Stocks going up with more buyers: IndusInd Bank, Grasim
- Stocks going down with more sellers: Hindustan Unilever, Eicher Motors
- Popular stocks for trading: HDFC Bank, Bajaj Finance
- Popular stock options: Infosys (1600 CE)
F&O ban update:
- Still in ban: Mannapuram, RBL Bank
- Out of ban: Birlasoft, Hindustan Copper, National Aluminium, IREDA
