Nifty continues in Red as Asian markets consolidate.
Good Evening everyone,
The fall in the market continues as FIIs keep selling the market (I know I have been saying this every day, but that's the truth)
The FIIs have net sold for Rs. 1459 crores today and DIIs have bought for 729.96 crores.
The market continued consolidating and has fallen to a low of 15746.
Again Nifty forms a bearish candle as we expected yesterday, which might fall further if the 15700 levels are broken.
Except for Metal & PSU banks, all other sectors closed in the red today. Asian markets are not doing well and the same can be seen in the Indian market.
Hindalco, Tata Steel, JSW steel were among the top gainers from the metal segment, followed by SBI Life and SBIN from the PSU segment.
Most pharma stocks consolidated today after a good rally recently which is common. But we could also see some profit booking in Axis bank & Kotak bank after their results yesterday.