Sensex Today | Nifty Today | Stock Market LIVE Updates: The Indian stock markets on Monday slumped by over 300 points at the open as crude oil prices, global markets and macroeconomic concerns pulled down the Sensex and Nifty in the early morning trade.
Sensex Today | Nifty 50 | Stock Market Live Updates: Good morning, traders. If last week was volatile, this week may not begin any calmer for Dalal street.
Markets begin Monday’s session under fresh pressure from climbing crude oil prices, global uncertainty and bond yield concerns. At the moment, Brent crude oil is about $110 a barrel. But investors are getting more and more nervous about inflation, fuel prices and the stance of foreign investors with every spike in oil prices.
That said, this may also be one of the last busy weeks of the current earnings season, meaning stock-specific action is likely to remain hot throughout the day.
It’s pretty much the same job for nifty bulls. Somehow, last week, the index held the crucial level of 23,500.
Nifty Bank underperformed on Friday, and so all eyes will be on banking stocks. Rate-sensitive sectors, especially PSU banks, are coming under fresh pressure due to rising bond yields again, which could see sharp intraday moves.
Shares like Tata Steel, Vodafone Idea, ITC Hotels and Hindustan Copper may see earnings-driven action as investors will respond to quarterly numbers and management commentary.
We will follow all major market action, Sensex-Nifty movement, sectoral activities, top performers and underperformers, earnings and global cues throughout the session.
Stay tuned for all the LIVE stock market updates today.
Indian equity markets saw a sharp recovery from intraday lows in the volatile trade on Monday. Sensex ends 77 pts higher at 75,315, Nifty 50 up 6 pts at 23,650. The NSE Nifty 50, too, managed to end 6 points higher at 23,650.
Amber Enterprises India Shares slipped over 14% to 7,261 in afternoon trade on Monday. Shares were down to an intraday low of 6,980, facing heavy selling pressure.
Vodafone Idea shares dropped over 1% to trade at 12.78 in afternoon trade on Monday. The telecom stock continued to trade on a volatile note and had an intraday high and low of 13.05 and 12.45.
Markets traded volatilly in midday trade on Monday with benchmark indices trading under pressure as banking stocks remained weak. The Nifty 50 was down 54.60 points to 23,588.90, and the Sensex was lower by 106 points at 75,131. But IT shares bucked the trend, with the BSE Focused IT index rising more than 2%.
At around 11.22 AM on May 18, Tata Steel shares were quoting at Rs 208.39, lower by Rs 8.45, or 3.90%, on the NSE. In fact, the share had opened lower at Rs 211 and hit an intraday low of Rs 205.05 during the session.
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