New Delhi: The Sensex and Nifty ended lower for the third consecutive week, with analysts maintaining a cautious near-term outlook as global interest-rate concerns, geopolitical risks and volatility associated with the new Closing Auction Session continued to weigh on investor sentiment. On the Sensex outlook, analysts said the 77,700-78,000 zone remains the immediate resistance area..
The Indian equity market rebounded on Thursday, with the Sensex rising over 400 points and the Nifty holding above 24,200, snapping a week-long losing streak.
The Sensex fell 493 points while the Nifty declined 133 points on Tuesday as global tensions and weakness in IT, realty and PSU banking stocks weighed on markets.
Mumbai: The Indian equity benchmarks posted notable losses after two consecutive weeks of gains, over elevated crude and persistent global uncertainty. Nifty declined 0.83 per cent during the week and shed 0.12 per cent on the last trading day to reach 24,366. At close, Sensex was down 70 points, or 0.09 per cent, at 78,009..
Mumbai: The benchmark equity indices, the Sensex and the Nifty, ended lower for the second consecutive session on Wednesday as elevated crude oil prices and uncertainty surrounding a potential deal to reopen the Strait of Hormuz kept investors cautious. The Sensex fell 187.90 points, or 0.24 per cent, to close at 77,966.35, while the Nifty.
Mumbai: Benchmark equity indices ended lower on Tuesday, weighed down by losses in realty, FMCG and cement stocks amid investor caution over signs of an impasse in negotiations between the United States and Iran. The Sensex declined 388.19 points, or 0.49 per cent, to settle at 78,154.25. The Nifty also ended lower, falling 112.10 points,.
Mumbai: The near-term technical outlook for Indian equities remains constructive, with analysts expecting the Sensex to target 79,300–79,700 and the Nifty to move towards 25,200 if key resistance levels are decisively breached. However, analysts said markets could see renewed profit booking if crucial support zones are broken. On the Sensex, the index maintained a positive.
Mumbai: Domestic equity markets open on mildly negative note on Friday amid surge in crude oil prices and following global cues ahead of key US economic data. Sensex opened at 78,516.08, down 438.68 points or 0.56 per cent, while Nifty decreased by 97.10 points or 0.39 per cent to 24,538.90. Financial, Banking Stocks Under Pressure;.
Mumbai: Domestic equity market benchmarks witnessed a mixed start on Tuesday following a late-session increase in the previous session due to the introduction of a new closing auction session (CAS) framework and mixed global cues. Sensex opened nearly 500 points or 0.63 per cent higher at 79,132.97, while Nifty slipped below the 24,750 mark, declining.
After staging a strong comeback this week, the Indian equity benchmarks are expected to remain on a positive footing in the near term, with the Sensex likely to test the 79,000–79,200 zone and the Nifty 50 eyeing 24,850, provided key resistance levels are decisively crossed, market analysts said on Sunday.
