Stock market as we speak: BSE Sensex down over 100 factors; Nifty50 near 22,675

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Stock market as we speak: Indian fairness benchmark indices, BSE Sensex and Nifty50, dipped in opening commerce on Thursday. While BSE Sensex dropped over 200 factors, Nifty50 was near 22,650. At 9:22 AM, BSE Sensex was buying and selling at 74,398.62, down 104 factors or 0.14%. Nifty50 was at 22,675.70, down 29 factors or 0.13%.
The Indian fairness markets skilled a big downturn on Wednesday, influenced by unfavorable international cues and uncertainties surrounding the election end result.
Siddhartha Khemka, Head – Retail Research, Motilal Oswal, commented, “On the domestic front, though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it’s advisable to traders to stay on the sidelines and not get too aggressive. The weak global cues are further adding to the nervousness and thus markets are likely to remain weak in near future.”
According to Tejas Shah of JM Financial & BlinkX, the help ranges for Nifty are actually seen at 22,675-700 and 22,500, whereas the fast resistance zone is at 22,825-850 ranges, with the following psychological resistance on the 23,000 mark.
Also Read | What are ‘Modi stocks’? Global brokerage CLSA has this to say on these ‘outperformers’ forward of Lok Sabha election outcomes
The US markets closed decrease on Wednesday, with the Dow falling 1.06%, the S&P 500 down 0.74%, and the Nasdaq declining 0.58%. The Asian markets adopted go well with, with S&P 500 futures, Hang Seng futures, Japan’s Topix, Australia’s S&P/ASX 200, and Euro Stoxx 50 futures all buying and selling within the purple. Oil costs additionally dipped because the markets await the newest U.S. crude oil stockpiles knowledge, whereas the greenback gained energy in opposition to its main friends.
Also Read | When will BSE Sensex hit 1 lakh? Mark Mobius says ‘Indian markets will…’
In the Indian markets, international portfolio traders (FPIs) had been internet sellers at Rs 5,841 crore on Wednesday, whereas home institutional traders (DIIs) purchased shares value Rs 5,233 crore.
Several corporations, together with Apollo Hospitals and Muthoot Finance, are set to announce their fourth-quarter earnings on Thursday. Additionally, ABFRL, GMR Infra, Hindustan Copper, and Vodafone Idea are among the many shares within the F&O ban interval as we speak.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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