A morning walk down Dalal Street | Nifty likely to remain rangebound till support of 10,825 holds
Episode 817, Jan 23, 2019, 01:30 AM
A muted day for D-Street. The S&P BSE Sensex wiped out most of the gains made in the previous session while Nifty50 slipped below 10,950 levels; however, it managed to hold on to 10900 levels on closing basis.
The final tally on D-Street – The S&P BSE Sensex fell 134 points to close at 36,444 while the Nifty50 ended 39 points down to close at 10,922 on Tuesday.
Healthcare, Consumer durables, and Realty were the best performing sectors gaining 0.9-1.2%. However, Metal was the biggest loser followed by Telecom and Auto.
The market is likely to trade in a range due to global headwinds in the form of uncertainty over the acceptance of the alternate plan for Brexit and global growth concerns.