Sensex Today: Domestic markets exhibited a flat trend in Monday’s trading session, amidst mixed global cues.
Sensex Today: Domestic markets exhibited a flat trend in Monday’s trading session, amidst mixed global cues.
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Frontline indices the S&P BSE Sensex quoted 66,628 levels, down over 50 points and Nifty50 was flat below 19,750 levels.
Broader markets, however, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.6 per cent. India’s volatility gauge, India VIX, meanwhile, jumped 2 per cent.
Sectorally, Nifty PSU Bank index emerged as the sectoral winner, whereas Nifty Oil and Gas index was the sectoral laggard.
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Anand James, Chief Market Strategist at Geojit Financial Services, said: “Though Friday saw a close below VWAP, we are inclined to attach more importance to how the 10D SMA stepped in to arrest the sharp falls. This encourages us to expect Nifty recouping all of Friday’s loss and aim for 20160. Alternatively, inability to float above 19770-840 region, or a direct fall past 19700 could be taken as signal towards more weakness, with first objective at 19460. An outright collapse is less expected though.”
