Mumbai: On Friday, Sensex climbed 332.39 points to 75,507.09 in early trade; Nifty up 84.60 points to 23,747.40. Indian benchmark equity indices ended marginally lower on Thursday as losses in IT, FMCG, and financial stocks weighed on investor sentiment amid continued monitoring of the geopolitical situation in West Asia.
According to IANS, The Nifty settled at 23,654.7, slipping 4.3 points or 0.02 per cent, while the Sensex declined 135.03 points, or 0.18 per cent, to close at 75,183.36. Commenting on technical outlook, experts said that 23,700 followed by 23,800 continues to act as the immediate resistance zone where supply pressure may remain elevated. “Above this, 24,000 remains the major psychological resistance and a strong Call OI wall aligned with the previous swing high,” an analyst stated.
“On the downside, the 23,500–23,600 range continues to act as a key support zone. Below this, 23,300 remains an important support level backed by strong Put OI concentration and previous buying demand,” an analyst mentioned. Shares of Bajaj Finance, Infosys and Tech Mahindra emerged among the top laggards on the Sensex. On the Nifty index, Bajaj Finance, Tech Mahindra and Hindustan Unilever were among the major losers.
In the broader market, the Nifty MidCap index ended 0.04 per cent lower, while the Nifty SmallCap index outperformed the benchmarks and closed 0.63 per cent higher. Sectorally, the Nifty FMCG, Nifty IT and Nifty Financial Services indices witnessed the sharpest declines during the session. On the other hand, the Realty and Cement sectors outperformed the broader market. The Nifty Cement index surged more than 2 per cent by the close of trade, emerging as one of the strongest sectoral performers of the day.
