Stock Market Close: Sensex extends losing streak for 3rd session, ends 493pts lower; Nifty at 24,155 | Markets News

Stock Market LIVE Updates: Going forward, the 24,030-24,000 zone is expected to act as a key support area for the Nifty, as the rising trendline of the upward-sloping channel is positioned around these levels. A decisive breakdown below the 24,000 mark could accelerate selling pressure and trigger a deeper correction towards the 23850 level. On the upside, the 24,280-24,300 zone remains a crucial resistance area for the index. As long as the Nifty continues to trade below 24,300, the overall market bias is likely to remain bearish. 

View by: Sudeep Shah, head, technical and derivatives research at SBI Securities.

Stock Market LIVE Updates: Crude oil remained the primary drag on market sentiment, while rising U.S. bond yields and weak global cues prolonged the risk-off trend in Indian equities. Investor anxiety increased as hopes for a Middle East resolution faded following the expiration of the temporary US-Iran ceasefire, heightening concerns about renewed inflation. Elevated US yields further reduced the attractiveness of emerging markets, and IT stocks led losses amid fears that persistently high interest rates could dampen global technology spending. Although domestic fundamentals continue to be supportive, sustained high crude prices and rising input costs could pressure recent earnings upgrades, prompting investors to remain cautious in the near term.

View by: Vinod Nair, head of research, Geojit Investments

 

Stock Market LIVE Updates: Most sectoral indices on the NSE settled lower on Monday. Nifty IT and Realty were the top laggards. 

Stock Market LIVE Updates: Here’s a glance at the Sensex gainers and losers at the close.

Stock Market LIVE Updates: The NSE Nifty 50 settled at 24,154.90, down 132.75 points or 0.55 per cent.

Stock Market LIVE Updates: The BSE Sensex fell 492.70 points or 0.63 per cent to settle at 77,235.46.

 

Stock Market LIVE: Shares of BSE experienced consistent selling pressure following back-to-back downgrades. The stock has shed 10 per cent of its value in five sessions as Jefferies downgraded the stock to ‘Underperform’. Nuvama also downgraded BSE to ‘Hold’ from ‘Buy’.