The short-term outlook suggests sideways to positive movement, contingent on sustaining above 23,870. (AI image)
Stock market today
: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex moved up 150 points, Nifty50 was above 24,300. At 9:19 AM, BSE Sensex was trading at 80,339.50, up 91 points or 0.11%. Nifty50 was at 24,311.10, up 35 points or 0.14%.
Equity markets closed higher on Monday, despite GDP growth concerns and varied global market performance. Market experts anticipate consolidation within a broad range in the near future, considering the unstable global economy and mixed domestic indicators.
Market sentiment shows improvement with the index maintaining levels above 23,870. The short-term outlook suggests sideways to positive movement, contingent on sustaining above 23,870, with resistance levels at 24,400-24,500, according to an ET report.
RBL Bank faces F&O ban, as securities exceeding 95% of market-wide position limit enter restriction period.
FPIs recorded net sales of Rs 238 crore on Monday, while DIIs purchased shares worth Rs 3589 crore.
FII net short position increased from Rs 1.15 lakh crore to Rs 1.24 lakh crore.
Asian equities advanced on Tuesday, with technology shares leading the gains after US markets reached new peaks. The dollar remained close to its six-week low against the yen as investors assessed interest rate prospects in both the US and Japan.
Market participants kept a close watch on the political instability in France, where the government faced potential dissolution. This situation contributed to the euro remaining near its lowest point in a week.
Following Monday’s session where both the S&P 500 and Nasdaq achieved fresh records, their futures remained steady. The rally was primarily driven by strong performances from major technology companies, notably Meta Platforms, Facebook’s parent company, which surged almost 19%, whilst Tesla recorded a 12% increase.
