Good Evening, Everyone, The Nifty opened with a big gap up but could not sustain it as huge profit booking was seen in the IT sector today, which saw one of its biggest sell-off since May 2021.
The DIIs bought the dips to the tune of Rs. 1397.69 Cr while the FIIs booked some profits ahead of the monthly expiry coming up this Thursday.
It was a volatile day where the Nifty went up and down several times to end almost flat at 17855. It's interesting to note Nifty taking multiple resistance at 17800.
The auto & realty sector went on to lead the sectors today just as we had discussed in our previous meetings. However, the IT sector dragged Nifty today, else, we could see another record in the market.
With the Auto sector going up more than 3%, we could see most auto stocks on the top gainers list.
Most of our favourite stocks saw some profit booking in the IT sector.