The Nifty futures closed positive at 14,938, up 0.34%. Among the specific shares, JSW Steel, Jindal Steel, SAIL, Tata Steel, Ambuja Cement, ACC, UltraTech Cement, Hindalco, Ramco Cement, NMDC, Titan, Mindtree, Britannia, Marico and Dabur saw a spurt in business setup but Amararaja Battery Weak, Indiabulls Housing, Canara Bank, PowerGrid, HDFC Bank and TVS NSE -0.90% motors.
The Nifty opened near the immediate barrier on Thursday at 14,880 and moved towards the 14,984 level. However, it could not hold on high and saw some sales pressure in the last hour of trading and slipped to the 14,820 level.
Bank Nifty opened with a gap above the level of 33,150 but failed to cross a major hurdle at the level of 33,333 and reduced drift. Banking stocks saw support-based buying, but selling pressure at the end of the session dragged the index to 32,700 levels.
The index finally ended the session with a loss of over 200 points. This constituted a recession candle on a daily scale but continued to build higher elevations for the second season. It now decisively needs to hold up and hold above the 33,000 level to bounce to the 33,500 and 34,000 levels, while on the downside, support is present at the 32,500 and 32,000 levels.
Shares were higher in Asia on Thursday after a mixed close on Wall Street, where several Big Tech stocks hit the S&P 500 for a second record high in three days.
Tokyo’s Nikkei 225 index slipped 0.4% to 29,610.20, reducing resilience in coronavirus cases to recover from the epidemic.
But other regional markets advanced. Hang Seng jumped 0.9% to 28,917.55 in Hong Kong. In Seoul, Kospi rose 0.1% to 3,142.68. Australia’s S&P / ASX 200 rose 1% to 6,994.00. The Shanghai Composite Index rose 0.2% to 3,486.19.
Tokyo reported 555 new coronavirus cases on Wednesday as the country confirmed 3,000 new cases, raising the possibility of renewed efforts to curb the outbreak.
On Wednesday, the S&P 500 benchmark rose 0.1% to 4,079.95. The Dow Jones Industrial Average rose 0.1% to 33,446.26. The Nasdaq Composite slipped 0.1% to close at 13,688.84. The S&P 500 and the Dow each set Monday at record highs.
Stocks of the small company, which are outpacing the broader market this year, took the brunt of the sale. The Russell 2000 index of small companies gave a discount of 1.6% to 2,223.05. So far this year, the index is 12.6%, while the S&P 500, tracking large companies, is 8.6%.
In other trades, benchmark US crude fell 12 cents to $ 59.65 a barrel in electronic trading on the New York Merchant Exchange. It rose 44 cents to $ 59.77 a barrel on Wednesday. The international standard for pricing was Brent crude priced at 9 cents to $ 63.07 a barrel.
The US dollar slipped from 109.75 yen to 109.75 Japanese yen. The euro peaked from $ 1.1868 to $ 1.1871.