Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was around 79,500, Nifty50 was near 24,300. At 9:20 AM, BSE Sensex was trading at 79,519.54, down 129 points or 0.16%. Nifty50 was at 24,313.20, down 34 points or 0.14%.
The Indian stock market closed relatively flat on Monday, with the Adani-Hindenburg controversy affecting the initial trading hours.Technical analysis indicates support for the Nifty index at 24,200 and 23,950-24,000 levels, with immediate resistance at 24,350-400 levels and the next resistance at 24,550 levels, according to Tejas Shah from JM Financial & BlinkX.
Global markets showed mixed performance, with Wall Street stocks closing mixed on Monday as investors awaited U.S. economic data, particularly consumer prices, to assess the Federal Reserve’s monetary policy outlook.
Asian stocks, on the other hand, fully recovered their losses from last week’s rout, supported by gains in Japanese shares. The dollar remained in limbo as investors waited for U.S. economic data to influence the likelihood of significant rate cuts, while a rally in Japanese stocks helped limit losses in yen carry trades.
Oil prices edged lower on Tuesday, ending a five-day winning streak, as markets refocused on demand concerns following OPEC’s downward revision of its 2024 demand growth forecast due to weaker expectations in China.
Several stocks are in the F&O ban period today, including India Cements, AB Capital, Birla Soft, Indiamart, RBL Bank, Sun TV, Hindustan Copper, ABFRL, Manappuram, LIC Housing Finance, PNB, Granules, SAIL, Bandhan Bank, and Biocon.
Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals, IRCTC, and 660 other companies are set to announce their first-quarter results on Tuesday.
The Indian stock market closed relatively flat on Monday, with the Adani-Hindenburg controversy affecting the initial trading hours.Technical analysis indicates support for the Nifty index at 24,200 and 23,950-24,000 levels, with immediate resistance at 24,350-400 levels and the next resistance at 24,550 levels, according to Tejas Shah from JM Financial & BlinkX.
Global markets showed mixed performance, with Wall Street stocks closing mixed on Monday as investors awaited U.S. economic data, particularly consumer prices, to assess the Federal Reserve’s monetary policy outlook.
Asian stocks, on the other hand, fully recovered their losses from last week’s rout, supported by gains in Japanese shares. The dollar remained in limbo as investors waited for U.S. economic data to influence the likelihood of significant rate cuts, while a rally in Japanese stocks helped limit losses in yen carry trades.
Oil prices edged lower on Tuesday, ending a five-day winning streak, as markets refocused on demand concerns following OPEC’s downward revision of its 2024 demand growth forecast due to weaker expectations in China.
Several stocks are in the F&O ban period today, including India Cements, AB Capital, Birla Soft, Indiamart, RBL Bank, Sun TV, Hindustan Copper, ABFRL, Manappuram, LIC Housing Finance, PNB, Granules, SAIL, Bandhan Bank, and Biocon.
Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals, IRCTC, and 660 other companies are set to announce their first-quarter results on Tuesday.
Source Agencies
