Adversitement
Benchmark Indices Open Lower; Nifty 50 and BSE Sensex in Red
Published On : 2024-03-19T10:44:29+0530 [ IST ] |
Author : Mayur_Tembhare
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Key Points:
- Nifty 50 and BSE Sensex opened lower on Tuesday, with Nifty 50 declining by 108.30 points or 0.49% to 21,947.40, and BSE Sensex declining by 333.07 points or 0.46% to 72,415.35 as of 9:49 am.
- All sectoral indices traded negatively, with Nifty IT falling by 1.75% and Nifty oil & gas declining by 1.51%.
- Analysts provided insights into the Nifty outlook, suggesting cautious optimism and providing support and resistance levels.
- Top gainers on the NSE included Tata Steel, Bajaj Auto, Bharti Airtel, Hindalco, and Adani Enterprises, while major losers were Tata Consultancy Services, BPCL, Nestle India, Cipla, and Dr Reddy’s.
- Balkrishna Industries informed stock exchanges that the Income Tax Department concluded its search operation on March 16, 2024.
- HG Infra Engineering stock traded higher following the receipt of an order from Jodhpur Vidyut Vitran Nigam Limited.
- IOL Chemicals and Pharmaceuticals stock jumped 12.22% after the completion of the Brazilian Health Regulatory Agency (ANVISA) GMP audit of its manufacturing units.
Source : Market data from NSE and BSE, analyst comments from Anand James (Chief Market Strategist, Geojit Financial Services) and Vaishali Parekh (Vice President of Technical Research, Prabhudas Lilladher), company announcements from Balkrishna Industries, HG Infra Engineering, and IOL Chemicals and Pharmaceuticals.
Tags : BSE Sensex , Stock Market , Nifty 50 , analyst insights , top losers , sectoral indices , Benchmark indices , stock updates. , top gainers ,
Summary : The benchmark indices, Nifty 50 and BSE Sensex, opened lower on Tuesday. Nifty 50 declined by 108.30 points or 0.49%, trading at 21,947.40, while BSE Sensex declined by 333.07 points or 0.46%, trading at 72,415.35 as of 9:49 am. All sectoral indices traded negatively, with Nifty IT falling 1.75% and Nifty oil & gas declining by 1.51%. Analysts provided insights into the Nifty outlook, anticipating fluctuations and suggesting support and resistance levels.
Adversitement