The bigger picture - Nifty closed below 18,300, while Sensex | CapitalVia - Stocks | Nifty | Sensex | Commodity | NSE | BSE

The bigger picture

- Nifty closed below 18,300, while Sensex also declined by the same percentage.

- Nifty Midcap and Nifty Smallcap showed marginal gains, while the Model Portfolio performed well with a 1% increase.

- Market currently in a Rally Attempt phase.

- Nifty opened lower, rebounded, but faced resistance at 18,400. It then fell more than 130 points and closed below 18,300 with lower volume.

- Nifty Pharma and FMCG sectors were the top gainers, while Nifty Metal, Bank, and Financial Services sectors closed lower.

- The advance-decline ratio was 1, indicating an equal number of advancers and decliners.

- Follow-through day needed for a Confirmed Uptrend; crossing the previous rally high or scaling new highs could trigger the shift.

- Cummins India's Q4 FY23 results exceeded expectations in revenue, PAT, and margin growth.

- Hindalco Industries' Q4 FY23 results surpassed estimates in revenue, but PAT declined with margin contraction.

- Avanti Feeds' Q4 FY23 revenue and PAT grew, with margin expansion.

- India Cements' Q4 FY23 reported a widened loss, including a one-time loss, despite revenue growth.

- Deepak Nitrite's subsidiary signed an MoU to invest Rs 5,000 crore in Gujarat for specialty chemical projects.

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