Stock Market LIVE: Nifty faces resistance at 22,800, says analyst
Stock Market LIVE: The Nifty index managed to close above its 20 DMA and 200 WMA on the daily chart after briefly slipping below these key technical levels, indicating buying support at lower levels. However, selling pressure is visible near the 22,800 resistance zone. The overall setup suggests a sideways to mildly positive outlook in the short term. On the downside, 22,600 remains an immediate support, while 22,800 is the key hurdle. A sustained move above 22,800 could open the door for a test of 23,000. Hence, traders should adopt a level-based trading strategy.
View by: Vatsal Bhuva, Technical Analyst at LKP Securities
Stock Market LIVE: ‘Crude, Fed cues keep markets subdued’
Stock Market LIVE: Indian equities ended flat amid a volatile session, as elevated crude prices and caution ahead of the US Fed policy decision overshadowed supportive global cues. Profit booking dragged IT and private banks, while pharma, autos, PSU banks and realty gained, with resilient broader-market participation pointing to selective domestic risk appetite. Healthy Q2 earnings and robust domestic flows continue to provide a cushion against persistent foreign selling. However, Brent above $115 and a weaker INR pose risks to inflation, corporate margins and financing conditions. Going forward, market direction will hinge on earnings resilience, crude trends, evolving developments in the West Asia crisis and the Fed’s policy signal.
View by: Vinod Nair, Head of Research, Geojit Investments Limited
Stock Market LIVE: Nifty Smallcap 100 gains 2.7%
Stock Market LIVE: The broader market indices outperformed the markets. The Nifty Midcap 100 gained 1 per cent, while the Nifty Smallcap 100 index surged 2.69 per cent.
Stock Market LIVE: Nifty Media rises 3.6%
Stock Market LIVE: On the sectoral front, the Nifty Media index gained over 3.6 per cent, followed by Pharma and Nifty Consumer Durables. The Nifty Bank index fell 0.7 per cent.
Stock Market LIVE: Sensex heatmap
Stock Market LIVE: From the Sensex pack, Airtel, Trent, Maruti, Power Grid and Eternal were the major gainers. SBI, Axis Bank, TCS, Asian Paints, and HDFC Bank were the laggards.
Stock Market LIVE: Nifty 50 ends at 22,749
Stock Market LIVE: The Nifty 50 index settled at 22,749.75, down 3.45 points, or 0.02 per cent.
Stock Market LIVE: Sensex ends flat
Stock Market LIVE: The benchmark Sensex closed on a flat note today. The index settled at 73,598.87, down 8.08 points, or 0.01 per cent.
Stock Market LIVE Updates: Devina Mehra said India to deliver above-average market returns in 2 years
Stock Market LIVE Updates: Markets at 3 PM
Stock Market LIVE Updates: Benchmark indices were trading mixed near closing bell. Nifty 50 was up 0.08 per cent at 22,770.95 and Sensex was down 0.02 per cent at 73,590
