Share Market News Today | Sensex, Nifty, Share Prices LIVE: Tata Motors surged 3.6% on Tuesday, rebounding after a more than 7% drop the previous day, making it the top gainer in the Nifty 50.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The benchmark equity indices are trading higher a day after paring gains due to a global sell-off. The NSE Nifty 50 rose by 146 points or 0.61%, reaching 24,201, while the BSE Sensex climbed 490 points or 0.62%, standing at 79,249. Broader indices are also performing well, trading in positive territory. The Bank Nifty index edged up 8.6 points or 0.02%, settling at 50,101.
“The charts of Bank Nifty indicate that it may get support at 50,000, followed by 49,800 and 49,700. If the index advances further, 50,500 would be the initial key resistance, followed by 50,600 and 50,800,” said Deven Mehata, Research Analyst at Choice Broking.
Despite the early gains, the market is experiencing some fluctuations. The financial services sector, in particular, has seen some pressure, contributing to the overall market struggle. Investors are keenly watching the performance of key stocks and indices to gauge future market directions.
Tata Motors, which saw a significant drop of over 7% the previous day, has made a notable recovery. Its shares have climbed 3.6%, positioning it as the leading gainer in the Nifty 50. This recovery comes amid mixed sentiments in the broader market.
The Sensex, although up by 490 points, is struggling to maintain its position above 79,400. Similarly, the Nifty is hovering around the 24,250 mark, showing resilience but also facing challenges in sustaining early gains.
Analysts are closely monitoring the financial services stocks, which have shown some weakness. The performance of these stocks is crucial as they have a significant impact on the overall market movement. The broader indices’ positive trading indicates some market confidence, but the pressure on financial services could weigh heavily if the trend continues.
The stock market shows a mixed trend with early gains slipping, particularly affecting the financial services sector. Tata Motors’ strong recovery is a bright spot amid the fluctuations. Investors should keep an eye on the key resistance and support levels mentioned by analysts to navigate the market effectively.
Stay updated with the latest stock market trends and expert insights. Subscribe to our newsletter for daily market analysis and stock recommendations.
