Stocks in Focus: GIFT Nifty traded at 20,029 up 166 points or 0.84%, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21.
“After last week’s range-bound trend, markets registered gains led by uptick in power, metal and auto stocks as hopes of strong growth momentum going ahead and receding worries of rate hikes in the US strengthened the mood. FIIs turning net buyers of local equities in the last few sessions too has brought some cheers to the market, even as caution could prevail in next few sessions ahead of monthly F&O expiry and exit poll results of five state elections later this week. Technically, Nifty could find support in the 19,797-19,689 range and resistance at 20,000-20,551,” said Prashanth Tapse, Senior VP (Research), Mehta Equities…
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the negative territory. The NSE Nifty 50 dropped 61.30 points or 0.32% to settle at 19,079.60, while the BSE Sensex plunged 237.72 points or 0.37% to 63,874.93. Broader indices ended largely in red, except the Midcap stocks and Nifty Next 50. The Bank Nifty index shed 193.20 points or 0.48% to settle at 42,845.95. Auto, Pharma, Metal, Private Bank and IT stocks ended lower among the other sectoral indices, while Realty, Media and PSU Bank stocks advanced. SBI Life Insurance Company, Titan Company, HDFC Life Insurance, Kotak Mahindra Bank and Asian Paints while the laggards included Sun Pharma, Mahindra & Mahindra, Eicher Motors, LTIMindtree and ONGC. The volatility index (India Vix) ended up 2.91%.
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