Daily Markets Wrap - Dec 30, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty ended almost flat on Dec 30 after a range bound F&O expiry day. Nifty opened nominally higher, sold off in the first few minutes of trade but again clawed back. It remained in an 84 point band through the day. At close, Nifty was down 0.06% or 9.6 points at 17204. In the process Nifty closed within a 20 point range over the past three sessions.

On a day when volumes on the NSE were higher than recent averages, IT, Healthcare and Consumer Durables indices rose the most while Realty Oil & Gas and Metal indices fell the most. BSE Smallcap index rose 0.19% while Midcap index fell 0.22%.

Asian stock markets were mixed Thursday after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record. European shares inched higher on Thursday on hopes fresh coronavirus-related curbs and restrictions may not be needed going into the New Year.

Nifty seems to have run into a resistance over the last two days after the recent run up. Advance decline ratio ended marginally in the negative. Nifty continues to remain in the 17286-17112 band with a mildly upward bias.

Source : Equity Bulls

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