Stock Markets on Monday - Anil Singhvis Strategy, Nifty, Bank Nifty support zone, HDFC, PNB Q1FY22 results - Full Details
Zee Business Managing Editor Anil Singhvi said that Friday was not without action. The Indian stock markets managed to open almost flat despite the weak cues from SGX Nifty. The markets picked up amid buying after a small correction at the time of opening. However, over the last half-an-hour, there was profit booking, the Market Guru said
The August series has started on a low note with Nifty ending the week with a negative bias going down by almost 15 points on Friday. The broader market NSE Nifty 50 ended at 15,763.05. Meanwhile, the BSE Sensex ended down 66 points at 52,586.84. The Bank Nifty also fell by over 100 points to settle below 34,600. While IT, Pharma and auto shares gave some salvage to the stock markets, pressure came from sectors including metals, banking and financial stocks.
The Foreign Institutional Investors (FIIs) sold equities in cash markets worth Rs 3848.31 cr, the Domestic Institutional Investors (DIIs) bought equities worth Rs 2956.68 cr.
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Watch FULL REPORT HERE:Some of the companies that will announce results tomorrow include Punjab National Bank, HDFC, Mangalore Chemicals & Fertilizers Limited, Castrol India Limited, RBL Bank, Kalyani Steels Limited, Shree Renuka Sugars Limited and Carborundum Universal Limited.
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