Stock Market Live: Nifty Slips Below 22,000, Sensex Falls Over 300 Points; Paytm, CEAT In Focus
The NSE Nifty 50 and BSE Sensex opened lower on Tuesday taking cues from the global markets. The Nifty 50 opened 0.67% down at 21,974.45 and the Sensex was down 0.37% at 72,817.34. Nifty is set to break 28-year record with fall in five consecutive months.
“Nifty has immediate support at 22,000, followed by 21,850 and 21,600, while resistance is placed at 22,500, 22,600, and 22,800. A breakdown below 22,000 could accelerate selling pressure toward 21,800, whereas a recovery above 22,500 might trigger a relief rally. ,” said Mandar Bhojane, Research Analyst Choice Broking.
Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open Amid Trade War Concerns
At pre-open, the NSE Nifty 50 was trading 111.65 points or 0.65% lower at 21974.45. The BSE Sensex was 0.55% lower at 72,817.34.
Stock Market Live: Selectively Increasing Small Cap Exposure
Our analytics are now showcasing that a trading bottom is round the corner. Hence, we are participating in both large and mega-large caps, while selectively increasing our small cap exposures in most of our equity schemes, Quant Mutual Fund told NDTV Profit.
The Nifty 500 represents the top 500 companies based on full market capitalisation and average daily turnover from the eligible universe. The Nifty 500 represents about 92% of the free float market capitalization of the stocks listed on the NSE and it also represents approximately 82% of the traded value of all stocks on NSE.
Therefore, we do most of our Analytics around broader indices viz. Nifty 500 or BSE 500, the Fund House said.
Rupee Vs Dollar Today: Indian Currency Opens Flat
Rupee opened flat at 87.36 against the US dollar. It closed at 87.36 on Monday.
Source: Bloomberg
Avanti Feeds Share Price Update: Large Trade In Stock
Over 5.98 million shares of Avanti Feeds were traded via a block deal on Tuesday. The company has 4.39% of equity change hands in a block trade
Nifty Today: What F&O Cues Indicate
The Nifty March futures were down 0.06% to 22,259.80 at a premium of 140.5 points, with the open interest up 0.24%.
The open interest distribution for the Nifty 50 March 6 expiry series indicated most activity at 23,000 call strikes, and the 20,800 put strikes had the maximum open interest.
Dollar Check
The US Dollar index is up 0.05% at 106.6.
Euro was up 0.06% at 0.9541.
Pound was down 0.11% at 1.2690.
Yen was down 0.15% at 149.27.
Stock Market News Live: Global Check
Stocks in the Asia-Pacific region opened higher on Monday, shrugging off concerns about tariffs on Canada, Mexico and China, while European leaders pledged support for Ukraine.
Japan’s Nikkei rose 0.71%, or 276 points, to 37,423, while Australia’s S&P ASX 200 was up 0.17% at 8,186 as of 6:28 a.m. Future contracts in China and Hong Kong hinted at a negative start.
Stocks in China will face a renewed test as top officials will meet to discuss economic priorities, with hopes running high for further stimulus. The yuan has gained by 0.6% this year, while a gauge of the nation’s equities has jumped more than 12%, according to Bloomberg.
Stocks on Wall Street ended the volatile session higher, while treasuries extended February’s rally. The S&P 500 rose 1.59% and the Nasdaq 100 advanced 1.63%. The Dow Jones Industrial Average rose by 1.39% on Friday.
Stock Market News: GIFT Nifty Indicates Negative Start
The GIFT Nifty was trading near 22,000 early Tuesday. The futures contract based on the benchmark Nifty 50 was down 0.73% at 22,096 as of 7:40 a.m. indicating a negative start for the Indian markets.
The NSE Nifty 50 ended 420.35 points, or 1.86% lower at 22,124.70, while the BSE Sensex closed 1,414.33 points or 1.9% down at 73,198.10. During the day, Nifty fell as much as 1.95% to 22,104.85, while Sensex dropped 1.97% to 73,141.27.
. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 420.35 points, or 1.86% lower at 22,124.70, while the BSE Sensex closed 1,414.33 points or 1.9% down. Read MoreMarkets, Business, Notifications
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