Stock Market Today: Indian equity benchmark indices BSE Sensex and Nifty50 opened in the red on Tuesday. The BSE Sensex fell over 100 points, while the Nifty50 fell over 15 points. As of 9:20 am, the BSE Sensex was trading 115 points or 0.16 per cent lower at 73,891.00. Nifty50 fell 19 points or 0.083% to 22,483.30.
Stock market indexes trended higher in special trading on Saturday, registering a third consecutive day of gains, buoyed by fresh inflows from overseas investors.
“Overall, we expect the market to recover gradually,” said Siddhartha Khemka, head of retail research at Motilal. “Volatility could be higher due to concerns about election polls and their results.”oswal financial
According to technical analysis by Nagaraj Shetti of HDFC Securities, Nifty is expected to move towards the upper bound of the 22,800 level in the next one to two weeks, with immediate support at the 22,200 level.
On the global market front, U.S. stocks ended mixed on Monday, with the Nasdaq hitting a record high and the S&P 500 slightly higher, led by technology stocks ahead of Nvidia’s earnings report. Asian shares took a breather on Tuesday after a seven-day winning streak, with traders focused on Nvidia’s results later in the week. Oil prices fell in early Asian trade on hopes that a prolonged rise in U.S. inflation and interest rates could dampen consumer and industrial demand. The dollar held firm and the yen traded around the 156 yen mark.
On Friday, Foreign Portfolio Investors (FPIs) were net sellers of Rs 92,000 crore, while Domestic Institutional Investors (DIIs) bought shares worth Rs 153 crore. The rupee on Friday appreciated by 13 paise to close at 83.37 rupees against the US dollar, supported by positive sentiment in the domestic stock market and fresh capital inflows from abroad. FIIs’ net short position declined to Rs 2.46 billion on Saturday from Rs 2.48 billion on Friday.
Several companies including BHEL, NMDC, PI Industries, Hitachi Energy and Ircon are scheduled to announce their fourth quarter results on Tuesday.
Stock market indexes trended higher in special trading on Saturday, registering a third consecutive day of gains, buoyed by fresh inflows from overseas investors.
Expanding
“Overall, we expect the market to recover gradually,” said Siddhartha Khemka, head of retail research at Motilal. “Volatility could be higher due to concerns about election polls and their results.”oswal financial
According to technical analysis by Nagaraj Shetti of HDFC Securities, Nifty is expected to move towards the upper bound of the 22,800 level in the next one to two weeks, with immediate support at the 22,200 level.
On the global market front, U.S. stocks ended mixed on Monday, with the Nasdaq hitting a record high and the S&P 500 slightly higher, led by technology stocks ahead of Nvidia’s earnings report. Asian shares took a breather on Tuesday after a seven-day winning streak, with traders focused on Nvidia’s results later in the week. Oil prices fell in early Asian trade on hopes that a prolonged rise in U.S. inflation and interest rates could dampen consumer and industrial demand. The dollar held firm and the yen traded around the 156 yen mark.
On Friday, Foreign Portfolio Investors (FPIs) were net sellers of Rs 92,000 crore, while Domestic Institutional Investors (DIIs) bought shares worth Rs 153 crore. The rupee on Friday appreciated by 13 paise to close at 83.37 rupees against the US dollar, supported by positive sentiment in the domestic stock market and fresh capital inflows from abroad. FIIs’ net short position declined to Rs 2.46 billion on Saturday from Rs 2.48 billion on Friday.
Several companies including BHEL, NMDC, PI Industries, Hitachi Energy and Ircon are scheduled to announce their fourth quarter results on Tuesday.
