Sensex falls 400 points, Nifty remained below 24300

Anxiety increased on the first day of the week. Indicators are down as the market opens.The Bombay Stock Exchange benchmark Sensex was down around 0.30 percent, or 235.22 points, at 79470.69. Meanwhile, the National Stock Exchange index Nifty was down around 0.30 percent, or 73.05 points, at 24294.45.

The Nifty Midcap 100 and Nifty Smallcap 100 indices were down around 0.70 percent today. Meanwhile, the Nifty Consumer Durables index was only in the green zone among sectors. The index rose by around 0.08 percent. Nifty Bank, Nifty Auto, Nifty IT, Nifty PSU Bank, Nifty Financial Services, Nifty Pharma, Nifty FMCG, Nifty Metal, Nifty Realty, Nifty Media, Nifty Energy, Nifty Private Bank, Nifty Infra, Nifty Commodities, Nifty Consumption, Nifty PSE, Nifty Service Sector, Nifty Healthcare, and Nifty Oil & Gas indices have seen major declines on this day. These indices are 0.48, 0.81, 0.21, 1.10, 0.35, 0.03, 0.27, 1.29, 0.18, 1.36, 0.89, 0.37, 0.71, 0.84, 0.34, 0.65, 0.44, 0.27, and 0.32 percent reduction, respectively received. Today, the India VIX index rose by around 7.04 percent.

Have any stocks been profitable? 
Top gainers on the day were Voltas, Laxmi Organic Industries, Hadco, Rail Vikas Nigam Limited, Avas Financiers, Inox Wind Limited, PNC Infratech, Amarraja Batteries, Suven Pharma, Praj Industries, Suzlon Energy, Hindustan Zinc, Macrotech Developers, Graphite India, Piramal Shares in Pharma, Bikaji Foods, and Safari Industries.

Have any shares suffered?
Sun TV, Bharat Dynamics, Caffeine Technology, Balakrishna Industries, Honasa Consumer, Adani Gas, Astral Poly Tech, LIC, Birla Corporation, Global Health, Network 18 Media, MMTC, Concord Biotech, Avanti Feeds, Jindal Stainless, Shares in Timken India, Prism Johnson, KNR Construction, Cadila Healthcare, Bharat Forge, and Thermax.

According to experts
In this regard, Research Analyst Hardik Matalia from Choice Broking said, “Nifty may remain at the support zone of 24200 points. After that, the support zone of the index may be 24150 and 24050 points, respectively. On the upside, the resistance level of the index may be 24500 points. After that, the resistance point is 24550. And can be 24600 points.”

By Banasree Sarkar

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