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Market round up






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 The benchmarks fell more than 2% for the week. 

The Nifty began the week on a positive note but experienced significant selling pressure in the second half of the week. As a result, it broke out of the consolidation range that it had been in for the previous month. 

During the week, the Nifty fell below its 20-day SMA (Simple Moving Average), breached an important support level of 17,800, and formed a long bearish candle on weekly charts. 

  • Monday - On January 23, the Nifty traded range-bound. Finally, the Nifty index closed at 18118.55%, a 0.5% increase. 
  • Tuesday - The Indian equity market ended flat on January 24 after a volatile session, with the Nifty down 0.20 points to close at 18,118.30. 
  • Wednesday – The Nifty opened on a negative note on January 25 and fell sharply throughout the day. 
  • Thursday – Indian financial markets were shut on Thursday, January 26 for Republic Day.   
  • Friday – The Nifty was down 287.70 points at 17,604.30. 
  • On Monday, India's Vix opened at 13.78, then increased slightly the following day to 14.62 and was quiet flat on Tuesday. It touched a high of 15.42 on Wednesday. It reached a high of 17.32 on Friday. 
  • The Nifty Metal and Energy shed 6-7 percent, and the Nifty Pharma fell 0.78 percent. However, IT and FMCG indices gained 0.5-2 percent and Nifty Auto gained 3.14 percent over the week. 

 

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