Equity benchmarks closed lower for second consecutive session Tuesday, dragged by further profit booking in private banking & financials, auto and FMCG stocks. Overall it was another consolidation day for the market as investors were cautious ahead of Q3 GDP data and US President’s speech. The BSE Sensex closed down 69.56 points to 28743.32 and the NSE Nifty slipped 17.10 points to 8879.60. The broader markets outperformed benchmarks, with the Nifty Mid-cap and Small-cap indices rising over half a percent.
Asian market Update: Nikkei 225 gained 11.52 points at 19118, Hang Seng declined 184 points to 23740 and Shanghai Composite hiked 14 points at 3242.
Top Gainers: BHEL, Bharti Airtel,Asian Paints, Yes Bank, Hindalco.
Top Losers: BPCL, Grasim, Coal India, NTPC, Bajaj Auto.
Intraday Tips For Tomorrow
Nifty Trend For Tomorrow (1st March)
According to our technical analysis, tomorrow Nifty Market seems to follow the Bearish Trend, with having the Support around 8860, 8820 and Resistance around 8905, 8935 Selling On High will be beneficial for the traders.
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