09 Mar , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 were trading over half a per cent higher on Wednesday, a day before weekly F&O expiry. BSE Sensex was hovering around 53800, while NSE Nifty 50 was ruling above 16100 levels. Dr Reddy’s, Infosys, Sun Pharma, Tech Mahindra, Titan Company, Reliance Industries Ltd, HCL Tech, TCS were among top Sensex gainers. Kotak Mahindra Bank, Asian Paints, Nestle India, Tata Steel, Power Grid Corporation of India, ICICI Bank, Axis Bank were top index losers. Nifty sectoral indices were trading mixed. Bank Nifty was down 0.2 per cent, and Nifty Metal index declined over half a per cent. Nifty IT gained1.5 per cent.
15600-15700 current support level for Nifty
The index continues to face resistance at higher levels. A closing above 16400 would be the first indication that a bottom has been formed. Until then any rally up would be an opportunity to strategically sell the index. 15600-15700 is the current support level for the Nifty and if we break that, the next level should be 15300.
Buying opportunity in quality financials
Market has responded to the emerging scenario with a Nifty correction of above 14%. But IT, metals, energy and pharma stocks have done well since they stand to benefit from the price and demand trends. For investors who are prepared to take another 5% hit in prices in the short run, quality financials present a buying opportunity.
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