Tag: NIFTY50

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was above the 79,000 mark, Nifty50 was over 24,000. At 9:16 AM, BSE Sensex was trading at 79,071.24, up 39 points or 0.049%. Nifty50 was at 24,034.65, up 24 points or 0.10%.Last week, equity markets continued their upward trend for the third straight week, with Nifty reaching new highs.However, the index faced some pressure at higher levels due to profit booking."We expect this positive momentum to continue at a steady pace with stock-specific action. However, the release of economic data points this week would keep a little volatility in the market. Sector like Auto is expected to be in the limelight as OEMs would release their monthly auto Sales number," said Si...

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex moved below the 77,000 level, Nifty50 was near 23,375. At 9:20 AM, BSE Sensex was trading at 76,898.86, down 311 points or 0.40%. Nifty50 was at 23,384.15, down 117 points or 0.50%.The domestic markets concluded the previous week with losses, but managed to secure gains for the entire week, marking the third straight weekly increase."Overall, the market is likely to remain steady and consolidate at higher levels in the near term. Budget-related sectors are likely to remain in action on the back of news flow and expectation growth focus policy," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.Technically, a decisive move above 23,600 could propel the Nifty ...

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex moved above 77,150 levels, Nifty50 crossed 23,500 for the first time. At 9:19 AM, BSE Sensex was trading at 77,150.55, up 158 points or 0.20%. Nifty50 was at 23,523.50, up 58 points or 0.25%.The Indian stock markets continued their upward trend on Friday last week, supported by positive global cues and sustained domestic buying interest. Siddhartha Khemka, Head - Retail Research at Motilal Oswal, has expressed optimism, stating, "We expect market uptrend to continue this week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings."Technical analysis by Nagaraj Shetti of HDFC Secu...