Sensex Today | Stock Market LIVE Updates: Nifty dips below 24,850; Ultratech stocks down over 2%
Sensex Today | Stock Market LIVE Updates: The Nifty closed just at the 25,000 mark and would look to build on to those gains. Global cues are relatively absent as Wall Street remained shut on Monday on account of Memorial Day.
The Nifty 50 index opened in red, falling below the 25,000 mark again, slumping to 24,956.65 at the start of the day’s trade. The Sensex also opened below its previous day’s closing, starting at 82,038.20.
Indian equities began the monthly expiry week on a strong note. Yes, there is resistance at higher levels closer to 25,200, but the dips are getting bought into and that will give the bulls comfort. What will also please them is the fact that the Nifty closed just at the 25,000 mark and would look to build on to those gains. Global cues are relatively absent as Wall Street remained shut on Monday on account of Memorial Day. A little stability returning to the markets has resulted in a slew of block deals and promoter stake sales returning to the fore, as have IPOs. Today’s session will see promoters of stocks like IndiGo, Sagility, PG Electroplast pare some of their stake in various forms, either via block deals or Offer For Sale (OFS). There will also be earnings reactions in stocks like Aurobindo Pharma, KEC International, Shilpa Medicare and others. India’s largest insurance company, Life Insurance Corporation of India (LIC) will be reporting results today. Watch this space for all the Live updates.
