Sensex Today Live Updates : Indian markets to open on cautious note, as focus shifts on the tension in Middle-East
TCS, Vedanta, Ambuja Cements, ACC, Yes Bank, DLF, are a few stocks likely to be in focus on Monday, April 15.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are projected to commence on a lower note on Monday, mirroring the losses in global markets due to the ongoing Iran-Israel conflict.The Gift Nifty trends also suggest a gap-down opening for the Indian benchmark index. The Gift Nifty was observed trading around the 22,460 level, marking a discount of nearly 140 points from the previous close of Nifty futures.On the previous Friday, the Indian stock market indices each closed a percent lower, pulled down by widespread selling amid unfavorable global cues.
The Sensex plummeted by 793.25 points to close at 74,244.90, while the Nifty 50 ended 234.40 points, or 1.03%, lower at 22,519.40.The Nifty 50 chart displayed a long negative candle that has breached the immediate support of the ascending trend line at 22,650 levels. "From a technical perspective, this pattern signifies the formation of a critical top reversal pattern, and one can anticipate further weakness in the upcoming sessions.
The resistance trendline and Fibonacci projection around 22,800 levels have exerted significant pressure on the market, resulting in a reversal," commented Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. (Read the full story here.)Sensex Today Live : The local stock market is likely to start on a lower note on Monday, mirroring the global market's weakness due to escalating geopolitical unrest in the Middle East following Iran's unexpected assault on Israel over the weekend.Asian markets experienced a significant downturn, and the US stock market ended last week on a lower note due to
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