Market Turmoil: Nifty Struggles with Loss, Potential Reversal in Sight
In the stock market, there are expectations that the NIFTY will bounce back from around 19500 and will definitely rise to 20,000, but unfortunately, the view went wrong.
The nifty did not reach 19500; it declined below 19500. NIFTY has to come back and definitely needs a strong rise in the stock market.
NIFTY has to reach 19700 to ease the downside pressure. If the NIFTY does not rise, it has the potential to fall even further than it is now.
The broader picture is still bullish, and the recent fall has been helpful for corrections for the upcoming trend in the stock market.
Stock Market Live Updates: NIFTY Midcap touched a 100-high record in the Tuesday session
NIFTY Index trading at 19,561.9, down 35.4 points, or 0.18 percent
Sensex is trading at 65,834.64, 118.84 points or 0.18 percent
HDFC Bank shares and price Updates
FTSE Index aggregator said that the investability weightage of the private bank will increase to 1.52 percent In the FTSE Emerging All Cap index.
Up from 0.81 percent following the merger with HDFC.
In three tranches, the rise in weightage needs to apply.
The first tranche will be implemented in the September review index.
Updates of Godrej Consumers product shares and prices
FMCG Home Grown Godrej Consumer Products LTD, as per the Monday report, had a 7.6 percent net profit for the year at Rs 318.8 crore for the first quarter that ended on June 30, 2023.
NIIT Lists Updates
NIIT Learning lists at a discount of 9.6% at Rs. 366/sh vs. the issue price of Rs. 405.4/sh on NSE.
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