Nifty, Sensex Rebound At Open As HDFC Bank, ICICI Bank Share Prices Rise: Opening Bell
The NSE Nifty 50 and BSE Sensex opened higher on Tuesday as HDFC Bank Ltd. and ICICI Bank Ltd. share prices lead. The indices rebounded after it ending at over seven-month low in the previous session.
As of 9:17 a.m., the Nifty 50 was 90.55 points or 0.40% higher at 22,919.70, and the Sensex was 362.75 points or 0.48% higher at 75,728.92.
“Technically, the levels of 23,000 and 23,050 would serve as key resistance areas, while 22800 and 22,750 could act as important support zones. If it falls below 22,750, selling pressure may intensify that could send market to 22600 levels. The strategy should be to reduce weak long positions around 23000-23050 levels, however, during the week if it falls to 22600 then we should look for buying select stocks with a medium to long-term view,” said Shrikant Chouhan, head, equity research, Kotak Securities.
Stock Market Live: Nifty, Sensex Trade Higher At Pre-Open
At pre-open, the NSE Nifty 50 was 0.58% higher at 22,960.45, and the BSE Sensex was 0.39% higher at 75,659.00.
Yield On The 10-Year Bond Declines After RBI’s Liquidity Boost
The yield on the 10-year bond declined 4 basis points to 6.63%. It closed at 6.68% on Monday, according to Bloomberg. The 10-year yield falls to the lowest since February 2022
Rupee Opens Weaker Against US Dollar
Rupee weakened by 16 paise to open at 86.50 against the US Dollar. It closed at 86.34 on Monday, according to data on Bloomberg.
Oil Update: Crude Prices Recover In Asia Session
Crude oil prices recovered in Asia session Tuesday. It declined nearly 3% on Monday as investors sentiment were dented by tariff imposition announcement from US President Donald Trump.
The brent crude declined 2.80% to $77.01 a barrel on Monday. It was trading 0.13% higher at $77.18 a barrel as of 8:27 a.m.
Asia Market Update: Markets Trade Mixed As Traders Assess Latest Data From China
Markets in Asia were trading on a mixed note on Tuesday morning as investors assessed weak factory activity data, and industrial production. Moreover, overnight losses on Wall Street due to concerns over rise of Chinese artificial intelligence firm weighed on Japan’s markets.
The Nikkei 225 and CSI 300 were 0.70% and 0-.41% down, respectively. The Hang Seng was up 0.11% higher as of 7:57 a.m., according to data on Bloomberg.
Markets in Taiwan, Australia, and South Korea are closed on Tuesday.
US Market Update: Wall Street Witnesses Sell-Off On Concerns Over Technology Stocks
Share indices on Wall Street witnessed a large sell-off on Monday as concerns over valuation of technology companies rose after Chinese artificial intelligence counterpart DeepSeek unveiled a cheap model, Bloomberg reported.
On Monday, the S&P 500 and Nasdaq Composite ended 1.46% and 3.07% down, respectively. The Dow Jones Industrial Average ended 0.65% higher.
GIFT Nifty Near 22,900; Coal India, Indraprastha Gas, Kaynes Tech Share Prices In Focus
The GIFT Nifty was trading near 22,900 in early trade Tuesday. Coal India Ltd., Indraprastha Gas Ltd., Kaynes Technology India Ltd. share prices are likely to react because of their latest earning releases.
The GIFT Nifty was trading 0.06% or 14 points higher at 22,934.50 as of 6:43 a.m.
The Indian benchmark stock market indices settled at the lowest level in over seven months on Monday as they extended losses to a second session in a row.
The NSE Nifty 50 ended 263.05 points or 1.14% down at 22,829.15, and the 30-stock BSE Sensex ended 824.29 points or 1.08% down at 75,366.17. The two frontline indices posted their lowest level since June 5, 2024.
. Read more on Markets by NDTV Profit.The Nifty 50 and Sensex were trading higher at pre-open. Get live updates on Indian stock markets here on Jan 28 Read MoreMarkets, Business, Notifications
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