06 May , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened on negative note with Nifty below 16500 amid weak global cues. The BSE Sensex was down 736.18 points or 1.32% at 54966.05, and the NSE Nifty 50 was down 231.00 points or 1.38% at 16451.70. Sectorally, Nifty consumer durables, realty, IT, auto, financials, and metals were down 2-3%. Remaining sectors also held sharp losses. India VIX also rose 4% to 21 levels, indicating high anxiousness levels among investors. In the broader markets, the BSE MidCap and SmallCap indices fell up to 2.2%. Apollo Hospitals, Hindalco Industries, Bajaj Finserv, Bajaj Finance and HCL Tech were among major losers on the Nifty, while only gainer in M&M.
Only Reliance Industries (RIL) and Mahindra & Mahindra (M&M) gain in Nifty 50 index.
Sectorally, Nifty consumer durables, realty, IT, auto, financials, and metals were down 2-3%. Remaining sectors also held sharp losses. India VIX also rose 4% to 21 levels, indicating high anxiousness levels among investors.
Tracking sharp losses in the US markets overnight and Asian stocks this morning, the domestic benchmark indices started today's session with deep cuts. The BSE Sensex fell 830 points to 54,870, while the NSE Nifty shed 260 points to 16,419. Among the Sensex-30 shares, Bajaj Twin, HCL Tech, Wipro, Axis Bank, Infosys, HUL and Tata Steel were the top losers, down up to 3 per cent. In the broader markets, the BSE MidCap and SmallCap indices fell up to 2.2%.
Benchmark Indices are expected to open on a negative note as suggested by trends on SGX Nifty. US markets witnessed a relief rally on Wednesday after FOMC meeting but it tumbled on Thursday due to more anxiety over rising interest rates. Pound also fell on fears of UK recession. Asian markets are trading in red in the early Friday trade. US non farm payrolls data and unemployment rate will be announced today which may decide the direction of global markets. Earning today include Reliance Industries, Tata Power, Federal Bank, Apollo Pipes, Grindwell Norton etc. Immediate support and resistance for Nifty are 16,200 and 16,800 respectively. Immediate support and resistance for Bank Nifty are 34,500 and 35,500 respectively.”
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