Market texture is weak but oversold and experts say that for the traders now, 200 day SMA (Simple Moving Average) or 23500 for Nifty -50 index and 77500 for Sensex would act as a sacrosanct support zo

The NSE Nifty 50 index entered correction territory on Wednesday, falling more than 10 per cent from its all-time high of 26,277.35 reached in September. The decline was driven by a strengthening US dollar following the re-election of President Donald Trump,

Wednesday was another day of fall for benchmark stock indices Sensex and Nifty as US 10-year bond yields spiked and dollar hit four-month high against a basket of major currencies, ahead of US CPI inflation data later in the day.

Indian benchmark indices opened slightly higher on Thursday, supported by gains in financial and banking stocks, following a sharp decline over the previous two sessions. At 10:10 am, the Sensex was up 235.

Benchmark indices Nifty and Sensex tumbled to nearly three-month lows as mounting concerns fueled a sell-off and allowed bearish sentiment to take hold. This decline marks the fifth consecutive session of losses for both indices,

Steep correction in the benchmark Nifty 50 index continued which now is closer to 23880 levels and analysts do not rule out Nifty testing the long-term moving average at the 200 DEMA level, around 23,

The Indian benchmark indices, Sensex and Nifty50, reversed their early gains and ended in negative territory on Tuesday. This decline was driven by weakness in banking, financial, and auto stocks, as disappointing earnings reports and foreign fund outflows weighed on market sentiment.

Indian equity markets rose on Tuesday, with the BSE Sensex and Nifty50 gaining ground after a cautious start to the week. Strong investor interest in companies like Tata Motors and Asian Paints contributed to the upward trend.

The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,620 level, a discount of nearly 38 points from the Nifty futures’ previous close.

Sun Pharma, Trent, HCL Tech, Infosys, and ONGC were among the top gainers on the Nifty index. Britannia Industries, HDFC Bank, NTPC, and Tata Motors were among the top losers.