Indian stock markets have started with strong strength today. The Sensex opened with a gain of 50 points to above 39,0000. Nifty also has an 18-point lead, which hovers above 11540. But the Nifty Bank seems to have started sluggishly today. Nifty Bank is trading down 40 points. Talking about the sectoral index, auto stocks have run again today. There is also a trend of shopping in pharma. There is a weakness in bank shares today. IT stocks are also sluggish. Currently, 25 Nifty stocks are trading at a faster rate, with 24 falling. 15 Sensex stocks are up, while 15 are trading with a decline.
How Foreign Market’s were on Tuesday
Yesterday, the beginning of the American markets was very good, but profit-booking dominated the closing markets. The Dow Jones slipped 235 points from the day’s high to close flat. The S&P 500 index saw a slight gain of 18 points, though the Nasdaq closed up 134 points due to strong IT stocks as European markets closed at a slight edge yesterday.
Shares Rise and Fall at Nifty
M&M, Bajaj Auto, Titan, L&T, Tata Motors, Bharti Airtel, Maruti, BPCL, Infosys, Britannia, ZEEL shares may see booming. While UPL, Asian Paints, Wipro, ICICI Bank, JSW Steel, SBI, HCL Tech, Axis Bank and TCS shares may fall at Nifty.
Today the markets can open slightly by falling, and if the market is range-bound, then there will be opportunities on both sides of the i.e. buying and selling too. Tension is going on along the border with China, although the situation remains the same, it has neither deteriorated nor improved. Today, there is a 11375-11450 support range for Nifty, while 11650-11700 will be the upper range. The 22075-22275 will be in the support range for Nifty Bank, while the 22650-22850 will be in the upper range.