19 Oct , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened higher amid mixed global cues, falling crude prices, and strong domestic flows. Benchmark indices NSE Nifty 50 climbed over 50 points to trade above 17,500 levels, whereas BSE Sensex surged over 200 points to trade at 59,194 levels. The strength spilled across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.3 per cent. India VIX, the volatility gauge, meanwhile, slipped over 1 per cent. Sectorally, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 per cent, while Nifty IT, Nifty Pharma, and Nifty Metal indices were bogged down in morning trade.
“Over the past three days, the Bank Nifty has gained around 1700 points. Healthy buying was seen in both midcap and small cap banks. We expect the positive momentum to continue, going forward. Therefore, any dip towards 40000 should be used to create long positions.”
“The formation of higher high and low supported by across sector participation makes us confident to believe the index would extend ongoing up move towards psychological mark of 18000 in coming weeks. However, such a move would be in a non-linear fashion amid global volatility. Thus, any cool-off from here on should not be construed as negative. Instead, dips should be used as buying opportunity amid progression of Q2FY23 earning season.”
Indian indices opened on positive note on October 19 with Nifty above 17,500.
The Sensex was up 249.37 points or 0.42% at 59209.97, and the Nifty was up 63.10 points or 0.36% at 17550.10.
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