23 Feb , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading half a per cent up on Wednesday, on the back of improvement in global cues. BSE Sensex was hovering around 57600, while Nifty 50 was above 17200. Kotak Mahindra Bank, Mahindra & Mahindra (M&M), Maruti Suzuki, ITC, Bajaj Finance, State Bank of India, ITC, Tata Steel, Reliance Industries Ltd (RIL), Asian Paints were among top index leaders. On the flip side, only Larsen & Toubro (L&T) was ruling in the negative territory. Bank Nifty was up nearly 1%, and Nifty PSU Bank gained 1.6 per cent.
On technical front, today 16,830 level and 17,300 level may act as immediate support and resistance for Nifty 50 and in case of Bank Nifty 36,850 and 37,850 levels may act as immediate support and resistance
NYMEX crude trades mixed near $92/bbl after a 1.9% gain in previous session when near month contract hit a fresh 2014 high. Crude is off the highs as sanctions by UK and other western countries in response to Russia’s aggression did not directly target energy sector. Also weighing on price is prospect of higher supply from Iran as talks to revive nuclear deal continued. Expectations of another increase in US crude oil stocks is also weighing on price. Crude may remain choppy as market players shift focus from Russia situation to US inventory report however supply risks may keep prices supported.
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