Sensex and Nifty ended with minor declines on Tuesday, pressured by IT and bank stocks. The Sensex fell 0.09% to 78,472.87, while Nifty dropped 0.11% to 23,727.65. Nifty breached the critical 200-DMA support, indicating further downside potential. Analysts highlight the negative crossover on the momentum indicator and a weak advance-decline ratio, signaling bearish sentiment.
Drug companies in pink of health, further upside expected
Nifty’s Pharma and Healthcare indices have gained 1.7% and 2.6% respectively in the past month, while the benchmark Nifty declined 2% in this period.
December 25, 2024