The National Exchange of India (NSE) and BSE will remain closed on August 19 because of Muharram.
Wholesale merchandise markets, including metal and ingots, will also remain closed. There will be no commercial activity in future forex markets and commodities.
On August 18, after hitting high records, the Sensex ended 162.78 points, 0.29%, at 55 629.49, while Nifty fell 45.80 points, 0.28%. , from nearly 16,568.80.
Sensex and Nifty touched their high record levels of 56,118.57 and 16,701.85, respectively.
“The index was facing a sales pressure and abandoned its gains. However, the trend continues to remain positive and traders should use corrections like these to accumulate long positions. The Nifty has a good support for 16400 And until we do not closely close this level., The dynamic continues to be strong and bullish, “said Manish Hathiramani, exclusive index operator and technical analyst, Deen Dayal investments.
Hindalco Industries, Kotak Mahindra Bank, Icici Bank, Tata Motors and SBI Life Insurance were the best Nifty gains. EICHER MOTORS, CEMENT ULTRATECH, Bajaj Finance, Ports Adani and Bajaj FinServices have been among the best losers.
Among the sectors, the nifty metal and banks indices fell by 0.8% each, while the purchase was observed in the names of FMCG, Pharma and PSU.
“We remain cautious in the markets because there is no clear direction on the next movement. High volatility and taking advantage in larger markets are in addition to the concerns of participants. We suggest investors to remain selective. And preferring investing in defensive sectors such as FMCG, such as FMCG, IT and Pharma, “said Ajit Mishra, VP – Research, Religre Croking.
Larger indices, ESB MIDCAP increased 0.26% and small indices decreased by 0.18%.
On August 18, Indian rupee ended above 10 papa at 74.24 per dollar, against nearly 74.34 years.
“With a stronger American dollar index with falling oil prices and corporate dollar entrances, USDINR can continue to stay in the volatile low area for a certain time. Tonight US FOMC minutes can be a mover Market, which could probably push usdinr higher around 74.40 levels, if they seem Hawkish, “said Anindya Banerjee, DVP, currency derivatives and interest rate derivatives at Kotak Securities.
