POST-MARKET SUMMARY 12 September 2023

On September 12, despite widespread selling in various sectors, barring IT, benchmark indices experienced minimal changes in a highly volatile trading session. Top Gainer : TCS | Top Loser : BPCL

Liquide Post-Market Summary 12th September 2023

On September 12, despite widespread selling in various sectors, barring IT, benchmark indices experienced minimal changes in a highly volatile trading session. After seven consecutive sessions of gains, the markets displayed initial signs of consolidation but eventually remained within a narrow trading range. The overall caution among investors was influenced by lackluster performance in other Asian and European stock indices, leading them to opt for selective profit-booking.

NIFTY: The index opened 114 points higher at 20,110, which was the day’s high before closing at 19,993. Nifty has formed a bearish candlestick pattern with a minor lower shadow on the daily chart. Its immediate resistance level is now placed at 20,100 while immediate support is at 19,900.

BANK NIFTY:  The index opened 323 points higher at 45,893 and closed at 45,511. Bank Nifty has a bearish candlestick pattern with a minor lower shadow on the daily scale. Its immediate resistance level is now placed at 45,800 while support is at 45,300.

Indices closing for 12th September 2023
Major Market Indices data
Nifty Gainers & Losers

Stocks in Spotlight

TVS Supply Chain Ltd:  Stock slumped 6.64% after the company’s consolidated net loss widened to Rs 65.3 crore during the first quarter of the current financial year.

▪  ICICI Bank:  Stock traded over 1% higher after the Reserve Bank of India granted its approval for the reappointment of Sandeep Bakhshi as the Managing Director & CEO of ICICI Bank.

▪  L&T Finance:  Stock traded 3% lower after 7 crore shares, or a 2.8% stake, changed hands in a block deal on the bourses.

Global News

▪  Asia-Pacific markets mostly fell on Tuesday. Wall Street saw a tech rally, led by Tesla and Qualcomm.

▪  Oil prices rose about 1%, boosted by a tighter supply outlook, and as producer group OPEC said major economies were faring better than expected despite rising interest rates.


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