Gainers and Losers: The Indian benchmark indices ended on a negative note due to lack of optimism around the global indices. Sensex settled at 60286.04 losing 220 points, or 0.37 percent, and Nifty ended at 17721.50 slipping 43 points, or 0.24 percent.  

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While Bank Nifty closed the session at 41,490.95 with marginal gain of 0.28 percent, Nifty 500 closed weaker. On a sectoral level, Nifty Realty ended on a high, while Nifty FMCG and Auto closed lower, by more than 1 per cent each.

On NSE Nifty50 Adani Enterprises, Dr Reddy’s Laboratories, Adani Ports, Kotak Mahindra Bank and IndusInd Bank were the top gainers; while Tata Steel, Hindalco, ITC, Hero MotoCorp and Maruti Suzuki India were the prime laggards.

Om Mehra, Equity Research Analyst, Choice Broking believes that investors should look for significant occurrences this week. He said that technically, the Nifty has struggled to hold 17800 levels; however, intraday upswing would be anticipated for upcoming days. On the other hand, Bank Nifty has support at 40900 levels while resistance is placed at 42200 levels.

He suggests traders to work with option strategies to combat the opening with gaps.

Also Read: Layoffs in 2023: How to manage your finances amid job cuts

Here are some blue-chip stocks that saw maximum buzz today:

Kotak Mahindra Bank

Kotak Mahindra Bank stock rallied by Rs 25 or 1.43 per cent at Rs 1,772 apiece on NSE.

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