Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices extended losses on Tuesday and settled in the red. The NSE Nifty 50 fell 46.7 points or 0.26% to 17,660.15 and BSE Sensex plunged 183.74 points or 0.31% to 59,727.01. In sectoral indices, Bank Nifty rose 2.65 points or 0.01% to 42,265.20 and Nifty IT jumped 158.75 points or 0.59% to 27,166.95. The top gainers on Nifty 50 were Coal India, Maruti, Sun Pharma, Hindalco and UPL while the top losers were Power Grid, UltraTech Cement, Adani Enterprises, Apollo Hospital and Titan.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
“We sense prices may see some consolidation in the near term before the next leg of the run and hence the apt strategy would be to buy on dips and book profit at higher levels. As far as levels are concerned, we see Nifty’s sacrosanct support in the zone of 17500 – 17550, whereas 17800 – 17900 seems to be an immediate resistance zone,” said Rajesh Bhosale, Technical Analyst at Angel One Ltd.
“Inspite of the sharp sell-off in IT stocks, markets recovered after the morning shock with stark outperformance seen in PSU Banks. Nifty remains bullish above 17750 and bearish below 17650. Nifty first support at 17650 and then 17574 while resistance at 17750 and 17840,” said Rahul Sharma, JM Financial.
The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.30%, S&P 500 climbed 0.33% and the tech-heavy Nasdaq jumped 0.28%.
Asian markets were trading mostly in red with China’s Shanghai Composite Index dipping 0.08%, Hong Kong’s Hang Seng dropping 0.47%, South Korea’s KOSPI falling 0.29%, and Japan’s Nikkei 225 rising 0.52%.
The Nifty futures on the Singapore Exchange (SGX) were trading 33 points or 0.19% lower at 17,730 in the early morning trade.