Volatility
On Monday, BSE Midcap index fell 0.4 percent while Smallcap index was steady.
On February 26, the Indian stock indexes fell again, with Nifty below 22,150 due to selling in all sectors except oil & gas, electricity, and capital goods.
Due to conflicting global signals, the market opened negatively and sold down in the first half. The second half saw purchasing in power and capital goods equities assist market recover intraday losses.
The Sensex closed 72,790.13 down 352.67 points, or 0.48 percent, and the Nifty 22,122 down 90.70 points, or 0.41 percent.
Sectors and stocks
Asian Paints, Hindalco Industries, Apollo Hospitals, Divis Labs, and Titan Company had the worst Nifty performance, while Power Grid Corp, L&T, Adani Enterprises, BPCL, and Tata Consumer gained.
IT and Metal fell 1% apiece, while Bank and Pharma fell 0.5 percent. However, oil, gas, electricity, and capital goods rose 0.5-1 percent.
BSE Midcap index fell 0.4 percent, while Smallcap index was steady.
Nifty Bank index rose 493 points to 46,919.80 from 46,426.85.
The amount of NALCO, Bandhan Bank, and Alkem Laboratories stocks increased by almost 1,300 percent.
The build-up was long in Bharat Forge, Glenmark Pharma, and HPCL and brief in Alkem Laboratories, Asian Paints, and Vodafone Idea.
More than 350 BSE stocks reached their 52-week high, including Adani Green Energy, Data Patterns, FDC, Ganesh Housing, Glenmark Pharma, Godrej Properties, Greenply Industries, Gulf Oil Lubricants, Indo Count, Indus Towers, JSW Energy, Kellton Technologies, PB Fintech, Power Grid Corporation, Savita Oil Technologies, Shriram Finance, SML Isuzu, Tata Investment Corp. Click for the complete list.
February 27 forecast
The Indian Stock Index started the week weakly and lost ground throughout the day. A mid-session comeback failed to sustain higher levels and ended the day at 22,122.05, down 90.65 points.
Energy led the industry, while IT and Metal corrected most. Mid and Smallcaps fell with the Frontline Index.
RSI divergence caused a modest bearish candle in the Index. The Index oscillates between 22,050 and 22,250, and breakouts will indicate direction.
| FII Sold | 1,335.51 Cr |
| DII Bought | 1,491.33 Cr |
Indian Market Stocks
| Sensex | -352.67 | -0.48% | 72,790.13 |
| Nifty 50 | -90.65 | -0.41% | 22,122.05 |
| Bank Nifty | -235.25 | -0.50% | 46,576.50 |
Market Movers
| Larsen | 82.20 2.43% | Asian Paints | -117.50 -3.94% |
| Power Grid Corp | 5.85 2.07% | Apollo Hospital | -190.05 -2.81% |
| Adani Enterpris | 54.45 1.66% | Hindalco | -13.30 -2.57% |
| BPCL | 9.20 1.49% | Divis Labs | –70.75 -1.94% |
| TATA Cons. Prod | 16.80 1.45% | Tata Steel | -2.80 -1.93% |
Must read book about investing – check here
Volatility Volatility Volatility Volatility Volatility Volatility Volatility