11 Jul , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were down half a per cent on Monday. BSE Sensex fell more than 300 points or 0.5 per cent to 54,198, while NSE Nifty 50 gave up 16150 level. Bharti Airtel was top BSE Sensex loser, down 3 per cent, followed by TCS, Wipro, Tech Mahindra, HCL Tech, Infosys, among others. Stocks of NTPC, Mahindra & Mahindra (M&M), Power Grid Corporation of India, ICICI Bank, Axis Bank, HDFC Bank were among top BSE Sensex gainers. Nifty IT index lost 2.3 per cent. Nifty Auto, Nifty FMCG, Nifty Pharma, Nifty Healthcare, Nifty Consumer Durables were among other Nifty sectoral losers.
“On the technical front, the key resistance level for Nifty 50 is 16,300 and on the downside, 16,100 can act as strong support. The key support and resistance levels for Bank Nifty are 34,800 and 35,500 respectively,”
Nifty IT index lost 2.3 per cent. Nifty Auto, Nifty FMCG, Nifty Pharma, Nifty Healthcare, Nifty Consumer Durables were among other Nifty sectoral losers
BSE Sensex fell more than 300 points or 0.5 per cent to 54,198, while NSE Nifty 50 gave up 16150 level
In line with our view, NSE Nifty 50 resolved higher and surpassed our intermediate target of 16200 on the backdrop of sharp decline in crude oil prices and India VIX that supported bullish sentiment. The index started the week on a positive note and endured its upward momentum during the week, despite global volatility. As a result, weekly price action formed a bull candle carrying higher high-low, indicating continuance of positive momentum
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