02 Jun , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened with minor cuts on F&O expiry day amid subdued global sentiment. The BSE Sensex fell 200 points to 55,257, while the NSE Nifty shed 60 points to 16,450. Sectorally, the auto and financial indices are down half a percent each while buying is seen in oil & gas and metal names. In the broader markets, the BSE MidCap and SmallCap indices opened flat. Among the Sensex-30 shares, HUL, ITC, HDFC twins, Nestle and NTPC were the top laggards, down up to 1.3 per cent. Reliance, TCS, Tata Steel, meanwhile were the top gainers.
Among the Sensex-30 shares, HUL, ITC, HDFC twins, Nestle and NTPC were the top laggards, down up to 1.3 per cent. Reliance, TCS, Tata Steel, meanwhile were the top gainers.
Reliance Industries share price soared 2%, a day after the company's retail brand licensing arm, Reliance Brands, announced that it will acquire a 40% stake in Italy-based Plastic Legno's toy manufacturing business in India to strengthen its toy production in the country
Among the Sensex-30 shares, HUL, ITC, HDFC twins, Nestle and NTPC were the top laggards, down up to 1.3 per cent. Reliance, TCS, Tata Steel, meanwhile were the top gainers.
Indian equity markets opened lower on F&O expiry day amid weak global cues. Sensex fell around 200 points to 55,135, while NSE Nifty 50 was trading below 16,500. Bank Nifty was down 0.5%.
“Benchmark indices are expected to open on a negative note as suggested by early trends on SGX Nifty. The domestic equity market continued to reel under selling pressure for the second consecutive session on June 1. The market also remained volatile for the second straight session with India VIX rising 1.8% to 20.85 levels, indicating the discomfort for bulls going ahead. Indian markets have seen some recovery in the past few days as investors grabbed stocks at low valuations, but choppiness continues. Stocks in Asia fell as central bankers amplify hawkish messages in their quest to rein in inflation. On the technical front, the key resistance level for Nifty 50 is 16,700, and on the downside, 16,400 can act as strong support. The key support and resistance levels for Bank Nifty are 35,000 and 36,200 respectively.”
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