Nifty, +2.5%; Sensex, +2.1%; Nifty Midcap, +4.2%; Nifty Smallcap, +3.8%; Model Portfolio, +4%.
Market Pulse Uptrend Under Pressure
Distribution Day Count: Six
Weekly Market Review
Nifty started the week with a gap-up opening on Tuesday and retook its 50-DMA, which it had breached last week. However, profit booking was observed on Wednesday. Today, being a weekly expiry, the session was highly volatile. It started the session with over 100 points higher but gains were erased quickly in the first quartile of the trading session. However, as the session progressed, upside reversal was observed and Nifty retook its 50-DMA. Daily trading volume stayed below the average volume through the week. Today, advance-decline ratio was in favor of advancers. Out of 2,256 stocks, 1,565 advanced, 352 declined, and the rest remained unchanged.
All the sectoral indices closed in the green on a weekly basis. Nifty Metal (+8.7%) advanced the most, followed by PSU Bank (+4.7%) and Pharma (+4.2%). Remaining indices gained around 1.2–3.2%.
Market Status Overview