The markets experienced a volatile session today as Nifty resumed its downtrend after four days of narrow movement. Here’s a breakdown of the day’s market performance and trends:

Market Snapshot

• Nifty 50: Closed at 23,644, down by 168 points (-0.71%).

• Intraday High: Nifty attempted to surpass last week’s high of 23,938, reaching an intraday high of 23,915 before sliding over 300 points.

• Volumes: NSE cash market volumes were 77% higher compared to the previous session, driven by quarterly Nifty indices rebalancing.

Sectoral Performance

• Top Gainers:

• Nifty Healthcare

• Nifty Pharma

• Nifty IT

• Top Losers:

• Nifty Media

• Nifty Realty

• Nifty Metals

The divergent performance across sectors reflects continued uncertainty in broader market sentiment.

Broader Market Indicators

• Nifty Midcap 100: Rose by 0.37%, showing resilience.

• Nifty Smallcap Index: Declined by 0.62%, reflecting selling pressure in smaller counters.

• Advance-Decline Ratio: Stood at 0.57 on BSE, with 681 stocks advancing and 1,731 stocks declining, marking the ninth consecutive day of a negative breadth.

Global Cues

• Asian Markets: Declined on thin trading volumes as investors trimmed positions ahead of year-end, reflecting a cautious stance amid global uncertainties.

Market Volatility

• India VIX: Rose by 5.51%, closing at 13.97, signaling an uptick in market volatility.

Technical Overview

• Broader Range: Nifty has been consolidating between 23,500-24,000 for the past five trading sessions. A breakout on either side is likely to dictate the next directional move.

• Positional Trend: The trend remains downward as Nifty continues to trade below its key moving averages.

Key Takeaways

• The markets are entering a decisive phase with increased volatility and a negative breadth trend.

• Divergence in sectoral performance and broader indices suggests selective opportunities for investors.

• Stay tuned for actionable insights and detailed analysis in our YouTube video update.

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