Bank Nifty Tips : Sensex Up 150 Points, ICICI Bank Up 7 Pc

Rudra Investment expert says Bank Nifty Tips Strength in rupee and fast growth in Asian markets on Monday started with the rise in the domestic market. Sensex open at a level of 33,550 with a jump of 201 points. On the other hand, the Nifty rose 48 points to 10,078 levels. After the start of the market, the market has lost a little edge. ICICI Bank has registered an increase of 5%, Yes Bank by 2%. On the NSE, the sectoral indices have been trading with the increase in auto, pharma, PSU bank. However, there is a fall in IT, Realty and FMCG.

Midcap-Smallcap stocks rally

Even in mid-caps and small-caps, shares are available to buy. The BSE mid-cap index has gained 0.50 percent, while the Nifty Midcap 100 Index has gained 0.52 percent. BSE's Smallcap index rose by 0.48 percent.

What stocks fall, the boom in

During the business, ICICI Bank, RIL, Maruti, ITC, SBI, Sun Pharma, Axis Bank, Yes Bank, Infosys have increased. There is a weakness in Kotak Bank, IndusInd Bank, HDFC, ONGC, HUL, HDFC Bank, TCS, and Wipro.

This factor dominates the market

According to Bank Nifty Tips expert The weak macro factor at the domestic level, the liquidity crisis in NBFC, the decrease in the flow of domestic mutual funds, the weak consensus story, the earning season being weak with expectation, political uncertainty in rupees are factors which are putting pressure on the market. At the same time, the 10-year bond yield in the US at the global level, weakness in many major markets worldwide, weakening the market attractiveness of foreign institutional investors, rising crude prices, trade war, and geopolitical tension.

Nifty may fall from 9650 to 9700 level

CEO of Epic Research Nadeem Mustafa says that the stock market has been in a corrupt mode for a long time. Even at the global level with domestic, many negative factors are spoiling the sentiments of the market. Major markets in the world are also declining, which has an impact on the market. High volatility is still in the market, which is expected to continue even further. Talking about the near term, 9950 levels for the Nifty have become very important, which is 52 weeks old. If this level break occurs then the Nifty may break down to 9650-9700 levels.