Stay updated with breaking news from Chief Analyst Technical. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Nifty futures on the Singapore Exchange traded 86 points, or 0.47 per cent, lower at 18,134.50, hinting at a negative start for the domestic market on Wednesday.
BSE Sensex added 110.6 points, or 0.19 per cent, to trade at 57,724.32, while NSE's Nifty50 gained 37.45 points, or 0.22 per cent, to 16,989.15 at 9.20 am.
Sameet believes traders can find ample opportunities in the beaten spaces and for investors, this decline would provide opportunity to accumulate quality stocks in a staggered manner.
The wider Nifty gained 56.40 points or 0.32 percent to 17,827.30, while the BSE Sensex increased 222.88 points or 0.37 percent to 60,654.72.
As of 1:55, Sensex is trading down 530 points or 0.9% to 59,820 points, whereas Nifty dropped 144 points or 0.9 % to 17,842 points, and banking gauge Nifty Bank sank almost 600 points or 1.4% to 42,039 points