Sensex, Nifty open a tad lower amid mixed global cues
The domestic benchmark indices opened lower on Tuesday amid mixed global cues, as selling was seen in the auto, PSU bank and financial service sectors in the early trade
- MUMBAI — The domestic benchmark indices opened lower on Tuesday amid mixed
global cues, as selling was seen in the auto, PSU bank and financial service
sectors in the early trade.
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- At around 9.31 am, Sensex was trading 40.79 points or
0.05 per cent down at 82,018.63 while the Nifty declined 22.10 point or 0.09
per cent at 24,923.35.
-
- Nifty Bank was down 51.40 points or 0.09 per cent at
55,369.30. The Nifty Midcap 100 index was trading at 56,943.00 after declining
162.45 points or 0.28 per cent. Nifty Smallcap 100 index was at 17,606.90 after
dropping 42.75 points or 0.24 per cent.
-
- According to analysts, from a technical perspective, the
Nifty formed a bearish candle on the daily chart while trading within an inside
bar pattern, closing just below the crucial 25,000 level.
-
- "The index moved sideways throughout the session,
fluctuating within a narrow intraday range of 24,900 to 25,100 — a sign of
market indecision. Immediate support is seen at 24,900–24,800, while resistance
levels are placed at 25,100 and 25,235. A decisive breakout above 25,235 may
open the path for an upside move toward 25,500–25,743," said Mandar
Bhojane, Equity Research Analyst at Choice Broking.
-
- The Indian Rupee exhibited strength, appreciating by 10
paise against the greenback to settle at 85.40.
-
- “This upward movement in the rupee can be attributed to
cooling crude oil prices and a softening of the US dollar," added Devarsh
Vakil, Head of Prime Research of HDFC Securities
-
- Meanwhile, in the Sensex pack, Tata Steel, Sun Pharma,
Infosys, Tech Mahindra, ITC, Adani Ports, L&T and HCL Tech were the top
gainers. Power Grid, Nestle India, Titan, Kotak Mahindra Bank, M&M and
HDFC Bank were the top losers.
-
- In the Asian markets, China, Hong Kong, Japan, Bangkok,
Seoul and Jakarta were trading in green.
-
- In the last trading session, Dow Jones in the US closed
at 42,792.07, up 137.33 points, or 0.32 per cent. The S&P 500 ended
with a gain of 5.22 points, or 0.09 per cent, at 5,963.60 and the Nasdaq closed
at 19,215.46, up 4.36 points, or 0.02 per cent.
