NSE Share Bazaar Update: Mixed Trends Mark 20 January 2024, Focus on Nifty and BankNifty Indices

Date: 20 January 2024

On 20 January 2024, the NSE Share Bazaar witnessed a mixed day of trading, marked by diverse movements in various indices. Let’s delve into the key highlights, focusing on NIFTY and BANKNIFTY indices.

Today’s NSE Share Bazaar

NIFTY Index: On 20 January 2024

The trading day began with NIFTY opening at 21,615.20, exhibiting a gap of 83 points compared to the previous close of 21,622.44. Despite making a low of 21,541.80 and reaching a high of 21,720.30, the index concluded with a slight loss of -0.23% at 21,571.80. Notable gainers in the NIFTY Index included COALINDIA, ADANIPORTS, and KOTAKBANK, while M&M, TCS, and HINDUNILVR were among the top losers.

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BANKNIFTY Index: On 20 January 2024

BANKNIFTY, on the other hand, opened at 45,989.25 and surged to a high of 46,183.70. The day concluded with a positive gain of 0.78%, closing at 46,058.20. PNB, AUBANK, and KOTAKBANK led the gainers, while FEDERALBNK and INDUSINDBK faced losses.

NSE Share Bazaar Update: Mixed Trends Mark 20 January 2024

Other Indices: On 20 January 2024

Here’s a snapshot of other prominent indices:

  • NIFTY NEXT 50: Open – 54,970.90, High – 55,038.55, Low – 54,459.35, Close – 54,727.20.
  • NIFTY AUTO: Open – 18,752.25, High – 18,786.75, Low – 18,592.15, Close – 18,651.10.
  • NIFTY MIDCAP 50: Open – 13,564.45, High – 13,583.50, Low – 13,460.05, Close – 13,473.30.
  • NIFTY FMCG: Open – 56,632.80, High – 56,650.35, Low – 55,933.65, Close – 55,976.65.
  • NIFTY IT: Open – 37,259.80, High – 37,310.65, Low – 36,643.70, Close – 36,697.50.
  • NIFTY METAL: Open – 7,767.55, High – 7,790.10, Low – 7,702.15, Close – 7,752.50.
  • NIFTY PHARMA: Open – 17,454.30, High – 17,481.65, Low – 17,212.75, Close – 17,233.80.
  • NIFTY PSU BANK: Open – 5,972.65, High – 6,076.20, Low – 5,929.35, Close – 6,055.40.

Option Chain Data: For 20 January 2024

NIFTY:

  • Top three changes in Open Interest Calls: 21700CE (46,641), 21750CE (33,073), 21650CE (20,299).
  • Top three changes in Open Interest Puts: 21450PE (-6,559), 21550PE (4,823), 21650PE (3,057).

BANKNIFTY:

  • Top three changes in Open Interest Calls: 45900CE (-35,044), 45800CE (-25,256), 46100CE (-24,288).
  • Top three changes in Open Interest Puts: 46000PE (41,320), 45900PE (9,958), 46300PE (-6,624).

As we wrap up the analysis for 20 January 2024, it’s essential to note that 22 January 2024 will observe a market holiday, with trading resuming on 23 January 2024. Stay tuned for further updates as the NSE Share Bazaar continues to navigate the dynamic financial landscape.

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