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Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels As of the last trading day, the Nifty 50 closed at 23616.05. This figure represents the index's performance on that day, reflecting the overall market sentiment and movement of the constituent stocks.

Subscribe to enjoy similar stories. Nifty 50, India’s benchmark index, closed 92 points higher on Tuesday, ending its two-day losing streak to settle at 23,207.90. The index opened with a gap-up, tracking positive global cues, and traded within a narrow range of 23,637–23,795.

Subscribe to enjoy similar stories. The planned makeover of India's 14-year-old goods trade pact with Asean may take longer than expected as members of New Delhi's fourth largest trading partner press to negotiate tariffs individually, two people aware of the development said. The review, which was expected to be finalized at next month's Jakarta meeting of India and the Association of South East Asian Nations, has stalled since India's offer of a unified duty structure does not find favour among Asean members, two people aware of the development said.

Subscribe to enjoy similar stories. The Indian stock market closed flat on Tuesday, weighed down by weakness in IT and consumption stocks. The Nifty 50 index ended nearly unchanged at 23,707.90, while the BSE Sensex slipped 0.30% to close at 78,199.11.

Prime Minister Justin Trudeau said Tuesday there “isn’t a snowball’s chance in hell that Canada would become part of the United States” after U.S. president-elect Donald Trump threatened to compel a merger through “economic force.”

Bitcoin (BTCUSD) tumbled Tuesday after better-than-expect labor market data underscored the strength of the U.S. economy, dimming hopes that the Federal Reserve will cut interest rates.

Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India and Torrent Power. The inclusions are based on the stock selection criteria as prescribed by SEBI in its August 30, 2024 circular and have been approved by market regulator Securities and Exchange Board of India (Sebi).

Donald Trump's return to the White House.

The early departure of the Federal Reserve's top financial regulator allows for a more industry-friendly official to take his place, the latest boon for U.S. banks riding a wave of post-election optimism.

Kranthi Bathini, Equity Strategist at Wealth Mills Securities, to talk about the market's recent moves and what lies ahead. Excerpts:

Nifty formed an Inside Bar candle on the daily chart on Tuesday, closing near the 23,700 mark. However, market sentiment remains cautious. A breach below the 23,600 level could lead to further corrections towards 23,400 and 23,000, identified as immediate support levels. On the upside, resistance is pegged at 23,800 and 24,000. Technical indicators presented mixed signals. The RSI at 43 suggested bearish momentum, while the Stochastic RSI showed a bullish crossover, hinting at a possible short-term recovery. This divergence underlines the importance of vigilance, as the market lacks a definitive directional bias, said Mandar Bhojane of Choice Broking.

Canadian Prime Minister Justin Trudeau announced his resignation after facing an increasing loss of support both within his party and in the country

Indian pharmaceutical industry is aiming to more than double its size to USD 120-130 billion by 2030 as it looks to ride on the back of innovation to become the healthcare custodian of the world, Indian Pharmaceutical Alliance (IPA) president and Torrent Group chairman Samir Mehta said. In the last 25 years, the Indian pharma industry has grown nearly 20 times — a market size of USD 58 billion from USD 3 billion in 1999-2000, contributing equally to domestic sales and exports today. The sector is among the top five contributors to India's trade surplus, which has grown to USD 19.5 billion from merely USD 1 billion in 1999-2000.

Purnartha One Strategy (POS) — a multi-asset, multi-cap portfolio aimed at providing low-risk, stable returns through a diversified approach across different asset classes. The company said in a press release that Purnartha One Strategy will focus on wealth preservation by utilizing a two-tier decision-making process for asset allocation and stock or mutual fund selection. At the first level, the portfolio allocates assets using a 3-factor VMS framework, considering Valuation, Macro Outlook, and Market Sentiments. This approach is designed to adjust the portfolio’s composition according to changing market and economic conditions, including factors such as GDP growth, interest rates, and inflation.

Chow Tai Fook and De Beers has failed to enthuse Chinese consumers to buy the rock. The trade had raised Rs 15 crore through crowdfunding for the generic promotion of natural diamonds across the key international markets.

Shares of Tata Motors Ltd.(up 2.2 per cent), Bharat Forge Ltd.(up 0.74 per cent), Balkrishna Industries Ltd.(up 0.57 per cent), Mahindra & Mahindra Ltd.(up 0.11 per cent) and Exide Industries Ltd.(up 0.03 per cent) ended the day as top gainers in the pack.

Shares of Raymond Ltd.(up 2.92 per cent), Oberoi Realty Ltd.(up 2.67 per cent), Sobha Ltd.(up 2.27 per cent), Phoenix Mills Ltd.(up 1.66 per cent) and Godrej Properties Ltd.(up 1.38 per cent) ended the day as top gainers in the pack.

shares slipped on Tuesday, pulling back after robust gains in the last session, as falling healthcare and financial stocks weighed while investors focussed on key inflation data across the continent due later in the day. Europe's premier index, the STOXX 600, was down 0.3% as of 0810 GMT after climbing to a more than two-week high on Monday following a report that suggested U.S. President-elect Donald Trump may opt for a less aggressive tariff strategy.

Subscribe to enjoy similar stories. As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. On 3 January, referring to a chart showing tariffs as a percentage of federal revenue, he posted on Twitter: “The Tariffs, and Tariffs alone, created this vast wealth for our Country." "Tariffs will pay off our debt and, MAKE AMERICA WEALTHY AGAIN!" he added.

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«There is a strong support at 23,460 which happens to be the previous swing low, so that is the stop loss in the long positions of the Nifty,» says Vinay Rajani, HDFC Securities. Like Ansh was just highlighting that both the benchmark indices are trading in quite a narrow range and it is more of a short covering led rally that what we are witnessing. Help us with your take on the benchmark indices and where do you see the index headed. Vinay Rajani: So, yes, it is trading within the range of yesterday's move and recovery is there and sector-specific and stock-specific some good moves can be seen on the upside also. So, there is a stock-specific market. Nifty has risen by 110 points, but this can be considered as a pullback only. But however, the froth has gone out and many stocks have started performing, in fact, they are making highs of the recent swings. So, as a trader I would suggest that try to come out with stocks which can outperform this market because as far as benchmark indices are concerned, they are likely to remain in the range or consolidate.