Page 37 - Technical Research News Today

Benchmark Sensex fell back by 354 points on Monday due to selling in index major Reliance Industries, Bharti Airtel and Maruti amid weak trends from Asian and European markets. The 30-share BSE Sensex declined by 354.21 points or 0.49 per cent to settle at 71,731.42 on fag-end selling. During the

Market experts suggest that any hints of a rate cut from Governor Shaktikanta Das could ignite a fresh rally

BSE Sensex shed 34.09 points, or only 0.05 per cent, to end at 72,152. NSE's Nifty50 added merely 1.1 points, or 0.01 per cent, to end the session at 21,930.50.

Nifty has formed a bearish engulfing candle after witnessing follow-through selling pressure from the upper boundary at 22000. The present weakness however, is unlikely to damage the near-term uptrend status of the market and one may expect chances of upside bounce from the lower levels, said Nagaraj Shetti of HDFC Securities.

Shares of YES Bank surged more than 12.63 per cent on Tuesday to Rs 25.68 on Tuesday, commanding a total market capitalization close to Rs 74,000 crore.

BSE Sensex jumped 454.67 points, or 0.63 per cent, to end at 72,186.09. NSE's Nifty50 gave up 157.70 points, or 0.72 per cent, to end the session at 21,929.40.

Get latest articles and stories on India at LatestLY. Benchmark indices Sensex and Nifty rebounded nearly 1 per cent on Tuesday following buying in IT giants TCS and Infosys, foreign fund inflows and positive global trends. India News | Sensex Rebounds 454 Pts on Buying in IT Shares, Foreign Fund Inflows.

Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices

The movement of global oil benchmark Brent crude would also dictate equity trends

​Indias benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, led by gains in Reliance Industries and IT stocks, and as the governments fiscal prudence in its budget also boosted sentiment.