HomeMarket InsiderSensex, Nifty likely to open lower amid weak global cues

Sensex, Nifty likely to open lower amid weak global cues

According to the SGX Nifty, Indian stock markets are projected to start lower today. The SGX Nifty was down 50 points at 6:40 a.m. On Tuesday, the Dow Jones, S&P 500, and Nasdaq all finished with losses of more than 0.5%.

The Sensex closed the day 114 points higher at 59,106, while the Nifty-50 finished barely below 17,400. Nifty Bank gained more than 200 points in the last hour of trading on Monday. “Technically, Friday’s bullish candle showed traders’ optimism, but the index has to reach 17,500 levels on the upward side to change momentum.” “Anchor points for the index will be 17,100 on the upward side and 17,000 on the downward side,” said Rohan Patil of SAMCO Securities.

Foreign institutional investors bought for the fourth consecutive session on Monday. According to preliminary statistics from exchanges, FIIs were net purchasers in the cash markets to the tune of Rs 321 crore. DIIs, on the other hand, sold shares worth Rs 328 crore in cash markets on Monday, according to preliminary data from exchanges.

Today’s top stocks to watch are HDFC Bank, M&M Finance, Marico, Cyient, IndusInd Bank, and Bandhan Bank, among others.S

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