Sensex Share Market Today
Here’s the latest update on the Sensex share market today :
– Market Trends: The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher today after the markets crashed in the previous session.
– Sensex: The Sensex crashed 2,222.55 points, or 2.74%, to close at 78,759.40 yesterday. Today, it is expected to open higher.
– Nifty 50: Nifty 50 plunged 662.10 points, or 2.68%, to end at 24,055.60 yesterday. Today, it is expected to open higher.
– Global Market Impact: The domestic equity indices plunged nearly 3% each following the slump in global markets. Wall Street also slumped on Monday, wiping off $1.93 trillion of investors’ wealth.
– Support Levels: The support levels for Nifty 50 are placed at 23,900 – 23,700, and on the higher end, resistance is seen at 24,200 – 24,500.
– Bank Nifty: The Bank Nifty index plunged 1,258.05 points, or 2.45%, to close at 50,092.10 on Monday, forming a bearish candlestick pattern. The Bank index too rebounded marginally from the 50% retracement support level, which was placed around 49,720. This will be seen as a crucial level in the coming session.
