: Thursday, 17 April 2025 10:09 am
Mumbai . The domestic benchmark index opened in red mark on Thursday amid weak global signals after three consecutive days gain. In early trade, selling was seen in IT and auto sector. At around 9.27 am, the Sensex was trading at 76,706.16 at 76,706.16 at around 9.27 am, while the Nifty was trading 120.75 points or 0.52 per cent to 23,316.45.
The Nifty Bank was trading at 53,180.00 with a gain of 62.25 points or 0.12 percent. The Nifty Midcap 100 index was trading at 52,300.65 after a decline of 44.90 points or 0.09 percent. The Nifty Smallcap 100 index was at 16,347.85 after a decline of 1.40 points or 0.01 percent.
According to those who monitor the market, the Nifty can get support at 23,000, 23,200 and after that 23,300 after negative start. At the upper level, 23,500 can be immediate resistance, followed by resistance at 23,600 and 23,800 levels.
Choice Broking derivative analyst Hardik Matalia said, “Bank Nifty charts indicate that it can get support at 52,300, followed by 52,500 and then 52,800. If the index moves, 53,300 will be the first major resistance, followed by 53,500 and 53,800 level resistance.”
Meanwhile, the Sensex pack featured HCL Tech, Tech Mahindra, Infosys, Tata Steel, TCS, L&T, M&M, Bajaj Finance, Titan, Asian Paints, Nestle India, Tata Motors Top Locors. At the same time, ICICI Bank, Bharti Airtel, Sun Pharma, NTPC and HDFC Bank were the top gainers.
Dow Jones fell 1.73 per cent to close at 39,669.39 in the previous trading session in the US markets. The S&P 500 index fell 2.24 per cent at 5,275.70 and Nasdaq 3.07 per cent to close at 16,307.16.
Jakarta was trading on the red mark in the Asian markets, while Japan, Sol, China, Bangkok and Hong Kong were trading on green mark.
Foreign institutional investors (FIIs) continued shopping for the second day on 16 April and bought shares worth Rs 3,936.42 crore. However, domestic institutional investors (DIIs) continued selling for the second day and sold shares worth Rs 2,512.77 crore on the same day.
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