Sensex Ends 145 Points Lower At 57,996 While Nifty Settled Above 17300; HDFC, IOC Top Gainers

Equity markets of India finished lower in a profoundly unpredictable trading session today. Sensex finished 145.37 points or 0.25 per cent down at 57,996.68, and the Nifty was down 30.30 points or 0.17 per cent at 17,322.20. Selling was found in the auto, IT, power, metal, PSU bank, capital products, while healthcare, oil and gas and realty records ended in the green. In the broader business sectors, the midcap record ended flat while smallcap index rose 0.42 per cent. Power Grid Corporation, UltraTech Cement, NTPC, ICICI Bank and SBI were the top Nifty failures, while gainers were Divis Labs, Adani Ports, ONGC, IOC and HDFC Life.

Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Ltd. said that the market witnessed a volatile session in a range of 17300-17500. market research suggests, trading above the support zone of 17200 is positive from a short-term perspective. If the market sustains above the support levels, its expected a recovery in the market till the level of 17800. Technical indicators suggests, a volatile movement in the market in the range of 17200-17800.

Salaries in India are relied upon to develop at a pace of 9.9 per cent in 2022, bringing about the most noteworthy additions for salaried-class in five years, as per an overview led by Aon India. This compares and a rise of 9.2 per cent in compensation that was accounted for a year ago. Nonetheless, the study likewise discovered that attribution rates in 2021 was the most noteworthy in more than twenty years signifying the effect of resignation on India.