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Nifty and Bank-Nifty Prediction for Tomorrow, Sep 4
Yesterday, the Nifty index opened 30 points higher than the previous day’s close. However, it soon met resistance near its 50-day moving average (DMA) and started to decline. The index fell by 150 points from its high and closed in the lower half of the day’s range.
The fall of more than 20 basis points (bps) and higher trading volume compared to the previous session indicates that yesterday’s session was a distribution day. This means that there were more sellers than buyers in the market.
The broader market, which includes all the stocks listed on the National Stock Exchange (NSE) except for the Nifty 50 stocks, outperformed the Nifty index and hit a new 52-week high. However, all the sectoral indices except for Nifty Realty (+1%) and IT (+0.3%) closed lower. Nifty Bank, Financial Services, and FMCG closed 0.5–0.7% lower.
In simple terms, the Nifty index opened higher yesterday but then declined due to selling pressure. The broader market outperformed the Nifty index but all the sectoral indices except for Nifty Realty and IT closed lower.
Another possibility is that investors are taking profits after the recent rally in the markets. The Sensex and Nifty have both risen sharply in the past few months, and some investors may be looking to lock in their gains.
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Some related Questions and Answers from this Article:-
- Why did the Nifty index open higher yesterday?
- The Nifty index opened higher yesterday due to positive sentiment in the global markets. The US stock market had a strong close on the previous day, and there were expectations that the Indian market would follow suit.
- What caused the Nifty index to decline later in the day?
- The Nifty index declined later in the day due to selling pressure from institutional investors. There were concerns about the global economic outlook, and some investors took profits from their positions in Indian stocks.
- What is a distribution day?
- A distribution day is a trading day when there are more sellers than buyers in the market. This typically leads to a decline in the price of stocks.
- Why did the broader market outperform the Nifty index?
- The broader market outperformed the Nifty index due to strong buying interest in small-cap and mid-cap stocks. These stocks are seen as being more undervalued than large-cap stocks, and investors are looking for opportunities to buy them.
- Which sectoral indices closed lower?
- Nifty Bank, Financial Services, and FMCG closed lower. These sectors are sensitive to interest rates, and the rise in interest rates has weighed on their performance.
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In Hindi –
कल, निफ्टी इंडेक्स पिछले दिन के बंद से 30 अंक ऊपर खुला। हालांकि, यह जल्द ही अपने 50-दिवसीय मूविंग एवरेज (एमए) के पास प्रतिरोध से मिला और गिरना शुरू कर दिया। इंडेक्स अपने उच्चतम स्तर से 150 अंक नीचे गिरकर दिन के निचले आधे में बंद हुआ।
20 आधार अंकों (bps) से अधिक की गिरावट और पिछले सत्र की तुलना में अधिक कारोबारी मात्रा से संकेत मिलता है कि कल का सत्र एक वितरण दिवस था। इसका मतलब है कि बाजार में खरीदारों की तुलना में अधिक विक्रेता थे।
व्यापक बाजार, जिसमें एनएसई में सूचीबद्ध सभी स्टॉक शामिल हैं, जो निफ्टी 50 स्टॉक को छोड़कर हैं, ने निफ्टी इंडेक्स को पीछे छोड़ दिया और एक नया 52-सप्ताह का उच्च स्तर हासिल किया। हालांकि, सभी क्षेत्रीय सूचकांक निफ्टी रियल्टी (+1%) और आईटी (+0.3%) को छोड़कर बंद हो गए। निफ्टी बैंक, फाइनेंशियल सर्विसेज और एफएमसीजी 0.5-0.7% कम बंद हुए।
सरल शब्दों में, निफ्टी इंडेक्स कल खुला लेकिन फिर बिकवाली के दबाव के कारण गिर गया। व्यापक बाजार ने निफ्टी इंडेक्स को पछाड़ दिया लेकिन निफ्टी रियल्टी और आईटी को छोड़कर सभी क्षेत्रीय सूचकांक बंद हो गए।
