15 Feb , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices BSE Sensex and NSE Nifty opened higher on Tuesday amid mixed global cues due to Russia-Ukraine tensions. The Sensex was up 353.58 points or 0.63% at 56759.42, and the Nifty was up 103.60 points or 0.62% at 16946.40. Sectorally, IT index up 1 per cent and power, FMCG, capital goods indices up 0.5 per cent each. However, selling is seen in the oil & gas and power stocks. ONGC, Coal India, TCS, Wipro and Bajaj Finserv were among major gainers in the Nifty pack, while Cipla, Eicher Motors, ICICI Bank, Tata Consumer Products and Dr Reddy’s Labs were the laggards.
“Benchmark Indices are expected to open on a positive note as trends on SGX nifty indicates a gap up opening with 102 points gain. Asian benchmarks dropped on Tuesday as investors contemplated the implications of an imminent Russian invasion on Ukraine. The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as US plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. CPI inflation jumps to 6.01% in January 2022, highest in seven months. Also, Oil hits 7-year highs as market fears Russian attack on Ukraine imminent. Deputy Governor said that banning cryptocurrency the most advisable choice open to India. Crucial support for Nifty 50 is 16,800 while Nifty may face some resistance at 17,300.”
Nifty may fall down to 15800
After rising from 7,500 to over 18,000, the Nifty has been consolidating since mid-October 2021. Looking at the fall of the last 30 days, it seems like the Nifty could further correct from present levels. Historically it has been observed that February tends to be volatile, especially post Budget. It is possible for the Nifty to fall up to 15,800 level. However, the long-term structure of the Indian stock market is intact. We remain bullish in 2022 and beyond. Focus on adding quality stocks in the current fall. ~ Amar Ambani, Senior President and Head – Institutional Equities, YES SECURITIES
Nifty Metals down 1.6%
Nifty Metals was the top loser dropping 1.6 per cent, Nifty Bank, Financials, Auto, Realty and Pharma also slipped into the negative zone, trading 0.3-0.9 per cent lower. Nifty IT, too, pared gains and was now up 0.6 per cent only.
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