Sensex Today | Share Market Live Updates : Sensex, Nifty open in the green as global markets await Fed announcement

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TCS, Vodafone Idea, Yes Bank, UltraTech Cement, SKF India, SpiceJet, are some stocks likely to be in focus on Wednesday, March 20.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are projected to commence trading on a slightly positive note this Wednesday, reflecting the optimistic mood in global markets.The Gift Nifty trends also suggest a positive opening for the Indian benchmark index. The Gift Nifty was observed trading around the 21,910 mark, showing a discount of more than 20 points from the previous close of Nifty futures.On March 19, the domestic equity indices concluded with a decline of over a percent, with the Nifty 50 index dropping to its lowest level in over a month.

The Sensex plummeted by 736.37 points to close at 72,012.05, while the Nifty 50 ended 238.25 points, or 1.08%, lower at 21,817.45.After a period of narrow range-bound movement, the Nifty formed a long bear candle on the daily chart. The immediate support range of 21,900 - 21,850 was breached on the downside, resulting in a lower close for the Nifty."Nifty appears to have invalidated its bullish pattern of higher tops and bottoms by moving below the recent higher bottom of 21,860 of February 29.

This could potentially lead to the resumption of a bearish pattern of lower tops and bottoms, according to the daily timeframe chart. The overall chart pattern of Nifty is weak, indicating a potential further decline in the near term," stated Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.