Last two hours of trading beneficial for Sensex and Nifty50, relief or fear for investors locked in positive zone?

Stock Market Closing: Today, at the end of heavy fluctuations, the stock market closed with improvement for the second consecutive day after 1.30 pm i.e. due to increase in buying price in the last two hours. Sensex recorded an intra-day fluctuation of 997.55 points. After registering a difference of 798.16 points at one time, it finally improved by 111.66 points and closed at 72776.13 points.

Nifty also broke the intra-day level of 22 thousand and reached a low of 21821.05 and finally closed at 22104.05 with an improvement of 48.85 points. After a fall of Rs 4.52 lakh crore in the morning, investors' capital finally increased by Rs 97 thousand crore as compared to last Friday's close.

market breadth caution

16 stocks included in the Sensex improved and 14 declined. Out of 4086 shares traded on BSE, 1777 shares improved, 2180 shares declined. On the other hand, fear index VIX rose 15 percent to a 52-week high of 21.48. Ultimately 11.52 percent bounce with 20.60 level indicates high volatility.

Stock market through the eyes of a market expert

Although the stock market recovered from its intra-day bottom and closed in the green zone, the trend is still cautious. Investors are advised to keep in mind the Lok Sabha election results and higher valuations. Hammer pattern has been seen on the daily charge of Nifty. Which indicates a bullish reversal followed by a correction. However, today closing at the level of 22 thousand, the index has given resistance level 22150-22200 and support level 21950.

Top losers and top gainers of Sensex pack