Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading over half a percent lower in Monday’s trade on the back of negative global cues. Sensex was down 234 points or 0.67 percent to trade at 34,937, while the broader Nifty 50 was ruling at 10,293, down 90 points or 0.86 percent. Out of 30 Sensex stocks, 23 scrips were trading in the negative territory. Axis Bank was the top Sensex laggard, down 3.42 percent, followed by Bajaj Finance, IndusInd Bank, ICICI Bank, and Bajaj Finserv. On the other hand, after posting profit in the January-March quarter of the financial year 2019-20, ITC was the top Sensex gainer. M&M, Sun Pharma, Maruti Suzuki, TCS, HUL, and Asian Paints were among other gainers on the pack. Barring Nifty Pharma and Nifty FMCG, all the sectoral indices were trading lower. Nifty Bank was down 2 percent, Nifty Financial Service slipped 1.58 percent in early trade. While Nifty FMCG gained 0.37 and Nifty Pharma was up 0.84 percent. Sensex nifty update
S&P Global Ratings on Friday said the Indian economy is in “deep trouble”, with growth expected to contract by 5 percent this fiscal amid difficulties in containing the virus, an anemic policy response and underlying vulnerabilities, especially in the financial sector. In its report titled ‘Asia-Pacific losses near USD 3 trillion as balance sheet recession looms’, S&P projected the region’s economy to shrink by 1.3 percent in 2020, but grow by 6.9 percent in 2021. Sensex nifty update
The markets have opened in the middle of its current range which is between 10200 and 10450. Unless we do not cross or break one side, we will be sideways for the week
Following sell-off in global markets amid rising coronavirus cases in India, headline indices BSE Sensex and Nifty 50 slipped over one percent lower on Monday dragged by banks and financial stocks. The 30-share index traded 377 points, or 1.07 percent, down at 34,767, while the 50-share Nifty index was down 114 points, or 1.10 percent, at 10,267. As many as 24 BSE Sensex stocks were trading in negative territory with Axis Bank falling the most, down 5 percent, followed by Bajaj Finance, Tech Mahindra, IndusInd Bank, Bajaj Finserv, Tata Steel and L&T. On the other hand, Hindustan Unilever (HUL), Nestle India, ITC and Sun Pharma were up in the range of 1.6-0.20 percent. Sensex nifty update
Here’s what analyst has to say: “The markets have opened in the middle of its current range which is between 10200 and 10450. Unless we do not cross or break one side, we will be sideways for the week. While the underlying tone still seems bullish, we would need to concentrate on the 10200 levels which if broken can drop to levels closer to 10000. On the upside we need to go past 10450 on closing and then target 10700,” said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.