The Indian equity markets ended on a mixed note on Thursday, September 17, with the benchmark indices diverging amid sharp volatility during the closing auction session on the weekly expiry day. The Sensex closed in the red, while the Nifty ended marginally higher.
The NSE Nifty 50 settled at 23,270.60, gaining 53 points, or 0.23%, while the BSE Sensex ended 21.86 points, or 0.03%, lower at 74,314.59.
Broader markets heaved a sigh of relief following the recent sharp sell-off, with the Nifty Midcap 100 and Nifty Smallcap 100 indices closing up to 1% higher.
Among sectoral indices, the Nifty Pharma index rallied around 2%, while Nifty Realty, Nifty Auto and several other sectoral indices gained around 1% each.
Market breadth turned positive on the NSE, with 2,262 stocks advancing out of 3,651 stocks traded, compared with 1,279 declines, while 110 stocks remained unchanged.
Here are today’s top gainers on the Nifty
Here are today’s top gainers on the Sensex
Here are today’s top losers on the Nifty
Here are today’s top losers on the Sensex
On the technical front, the Nifty is approaching resistance at 23,300. A sustained break above this level could extend the recovery towards 23,500, while support remains at 23,200 and 23,000, according to Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.
"The market is likely to remain in consolidation mode until the Nifty decisively clears 23,300. Lower crude prices offer a supportive backdrop, but elevated global bond yields and the prospect of another Fed rate hike are likely to keep gains measured and rallies vulnerable to profit-taking."
Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an investment advisor. Gaurav does not hold any financial interest in the company as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.
