18 Oct , 2022 By : Monika Singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity benchmark indices opened higher amid strong global cues and falling crude oil prices. NSE Nifty50 climbed over 150 points to trade above 17,450 levels and the BSE Sensex index surged over 500 points to trade at 58,930 levels. Broader markets, too, jumped in tandem with the frontline indices as Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.7 per cent. All sectors started trade on a firm note with Nifty Media, Nifty Auto, and Nifty IT indices gaining the most, up to 2 per cent. Wipro, Tata Motors, UltraTech Cement, M&M and HUL were among major gainers on the Nifty.
Nifty surged 200 pts or 1 per cent to reclaim 17500. Sensex surged 690 pts to climb above 59000
Benchmark indices were trading higher in the pre-opening session. The Sensex jumped 400 pts, and the Nifty 50 was up 96 pts at 17408.
“Local equities are likely to start on a firm note in Tuesday trades, thanks to overnight gains in the US markets and subsequent upsurge in other Asian indices as investors are slowly moving away from the pessimism surrounding a hotter-than-expected inflation chatter. Besides, fall in the US dollar offers risk appetite to equity investors. However, investors will also be closely tracking moves in the Fed Funds futures market, where traders are betting on a 93.4% chance of a 75 basis point rate hike from the Federal Reserve next month. Technically, the immediate downside support for Nifty is now seen limited at 17070 and below the same, expect a waterfall of selling,”
“Indian markets could open higher, in line with mostly higher Asian markets today and sharply positive US markets on Monday. Nifty rose for the second consecutive session on Oct 17. At close, Nifty was up 0.73% or 126.1 points at 17311.9. Nifty filled the upgap made on the previous day due to the weakness in early morning but closed much higher. It continues to show mild strength and the next resistance could come in at 17497-17532 band while support could come in at 17142-17170 band.”
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