.png)
When the market opened today on Monday after 2 days holiday, greenery was everywhere.
NIFTY 50 INDEX ANALYSIS
Nifty opened today at 22573, almost 60 points higher than Friday. Nifty hit a high of 22696 and a low of 22555 during the day. Nifty touched its highest level on 8 April 2024. 37 stocks of Nifty 50 were bullish while 13 stocks were weak.
The rise in Nifty 50 was contributed by Reliance 1.77%, LT (Larsen & Turbo) 1.73%, M&M 3.22%, Maruti at 3.57%, and Axis Bank 1.60%. On the other hand, Adani Ports 1.96%, HDFC Bank 0.19%, SUN Pharma 0.58%, Apollo Hospital 1.41% and Infy 0.16% contributed to the weakness.
You can see the pullers and draggers of Nifty 50 in the table given below.
NIFTY 50 PULLERS & DRAGGERS: -
 |
| NIFTY 50 PULLERS & DRAGGERS |
BANKNIFTY INDEX ANALYSIS
Talking about Bank Nifty, even though Bank Nifty had closed with a rise of 88 points, somewhere it looked tired. Bank Nifty traded in a limited range throughout the day. Bank Nifty opened 83 points higher at 48576 on Monday. Bank Nifty hit a high of 48711 and a low of 48439 during the day.
Axis Bank's 17.90 (1.69%) points contributed the most to the rise in Bank Nifty. After this, IndusInd Bank rose by 15.60 points. ICICI Bank was up by 0.26% and Kotak Bank was up by 0.06% respectively.
Among PSU banks, except SBI Bank 2.85 (0.37%) all other public sector banks showed weak performance. There will be a weakness of 1.05 points in Bank of Baroda, 3.15 points in Canara Bank, and 3.55 points in PNB Bank.
NIFTY MIDCAP & SMALLCAP INDEX ANALYSIS
Nifty Midcap showed weakness today. Nifty Midcap opened at 50340 and closed at 50050. There was weakness in 54 shares of Nifty Midcap, buying will be seen in 46 shares.
Talking about Nifty Smallcap, there was weakness in 61 shares, buying would be seen in 39. Nifty Smallcap opened at 16463 and closed at 16413.
You can check the advance-decline ratio in different indices in the market today from the table given below.
 |
| advance-decline ratio |
You can check from the table given below how much buying and selling took place in which sector.
 |
| SECTOR PERFORMANCE |
