Nirmal Bang Securities Pvt. Ltd. - After Market Watch 230210

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Markets recovered after two days of fall and managed to close with modest gain. The benchmark indices closed at 16,237 up 45 points after trading in the range of 16,423 – 16,191. The Nifty shut at 4,856 up 11 points after hitting an early high of 4,912. Profit booking was seen in realty, telecom, oil & gas exploration, pharma while metal, IT and select banking stocks witnessed buying interest. Among the broader indices - the BSE Midcap Index was down 0.6% and Smallcap down 1%. The breadth was negative and the markets reported total turnover of Rs 94,140 cr. The Feb nifty future closed with 6 points discount and the March nifty future closed with 10 points discount.

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