Amid mixed global cues, Indian indices opened in the red on February 16 and Nifty fell below 25400. Sensex opened at 82,480.40 as against 82,626.76 and Nifty opened at 25,423.60 as against the previous closing level of 25,471.10. Adani Ports, Titan and Infosys are in the red in opening trade. On Nifty, Wipro, Power Grid Corp, TCS, HDFC Bank, Kotak Mahindra Bank are among the big gainers, while Tata Consumer, Adani Enterprises, Shriram Finance, Jio Financial are among the losers.
There may be a weak start in the stock market
New Delhi. Amid mixed global cues, Indian indices opened in the red on February 16 and Nifty fell below 25400. Sensex opened at 82,480.40 as against 82,626.76 and Nifty opened at 25,423.60 as against the previous closing level of 25,471.10. Adani Ports, Titan and Infosys are in the red in opening trade. Wipro, Power Grid Corp, TCS, HDFC Bank, Kotak Mahindra Bank are among the big gainers on Nifty, while Tata Consumer, Adani Enterprises, Shriram Finance, Jio Financial are among the losers. Experts believe that with Nifty moving below the key moving averages and falling below the required support levels, traders can exercise caution amid mixed global cues and persistent sector pressure. Market sentiment remains fragile after huge weakness in IT stocks and continuous selling by Foreign Institutional Investors (FII). Although domestic institutional investors (DIIs) have provided support, their stake has largely been limited, resulting from selective buying rather than large-scale consolidation.
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Share Market Live Updates: Share market opened with decline, Sensex fell below 82500
The stock market opened with a decline on Monday. The Sensex opened at 82,480.40 as against 82,626.76, while the Nifty opened at 25,423.60 as against the previous closing level of 25,471.10. Adani Ports, Titan and Infosys are in the red in opening trade.
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Share Market Live Updates: Share market may open with weakness
Today, on Monday, the first day of the trading week, there may be a negative start in the share market (Share Market Live Updates). Actually, there is weakness in Gift Nifty in the morning, which is considered to be a sign of the beginning of a decline in the stock market. At around 7:30, GIFT Nifty was at 25,416, down 37.50 points or 0.15 percent. Experts believe that with Nifty slipping below key moving averages and key support levels, traders may remain cautious amid mixed global cues and continued sectoral pressure.