Sensex, Nifty trade lower as markets open amid weak global, domestic cues

Indian frontline indices, Sensex and Nifty have been buying and selling within the crimson on Friday following weak world cues. At 9.40 a.m., Sensex was down 196 factors or 0.26 per cent at 76,614 and Nifty was at 23,358, down 40 factors or 0.17 per cent.

Broder markets are buying and selling with uptrend. Nifty midcap 100 is up 202 factors or 0.37 per cent, at 54,841 and Nifty smallcap 100 is up 69 factors or 0.39 per cent, at 17,977. Among the sectoral indices, PSE, infra, consumption, and realty are main gainers.

Auto, IT, and Pvt banks are main losers. Titan, M&M, HUL, Asian Paints, Bajaj Finance, and Sun Pharma are the highest gainers. However, Tech Mahindra, NTPC, JSW Steel, HCL Tech, and ICICI Bank are the highest losers.

Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd, stated, “Nifty has witnessed a sluggish and gradual rise over the last 4 classes discovering resistance close to the 23,400 – 23,450 zone with some revenue reserving witnessed within the second half of the buying and selling session.”

“The index has acquired the near-term help zone close to the 23,200 zones and a decisive shut above 23,400 shall set off for additional rise for the following goal of 23,800 stage,” she added.

Mixed buying and selling is happening in Asian markets. Tokyo, Bangkok and Seoul are within the inexperienced, whereas the markets of Jakarta, Hong Kong, and Shanghai are buying and selling within the crimson. American markets closed within the crimson on Thursday. Crude oil benchmark Brent crude stays at $82 per barrel and WTI at $78 per barrel.

(With inputs from IANS)