Stock market today: Day trading guide for Nifty 50 to Sensex, six stocks to buy or sell today — April 10
Indian market today: The Sensex and the Nifty 50, key benchmarks of the Indian stock market, closed lower on Tuesday, April 9, following a surge to fresh record highs, as global cues remained weak. The Sensex commenced trading at 75,124.28, surpassing its previous close of 74,742.50, and attained a new peak of 75,124.28 during the session. However, it relinquished all gains and concluded the day down by 59 points, or 0.08 percent, settling at 74,683.70.
Whereas, Nifty 50, it opened at 22,765.10 compared to its preceding close of 22,666.30, reaching a fresh pinnacle of 22,768.40 before ultimately finishing 24 points, or 0.10 percent, lower at 22,642.75. Also read: New Heights: 8 Nifty 500 stocks entered the ₹10,000 club in the last one year “Sensex & Nifty scaled new lifetime highs on the auspicious day of Gudi Padwa, but markets erased all its gains to end flat with a negative bias on select profit taking. While fundamentals continue to be strong, stretched valuations will allow investors to book profit at regular intervals.
Investors would still be mindful of rising crude prices and US Fed’s inability to cut rates amid stubborn inflation, which could fuel uncertainty going ahead. For Nifty, the immediate hurdle is seen at 22771 mark while the index has support at 22255 level," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. On the outlook for the Nifty 50 today, Rupak De, Senior Technical Analyst, LKP Securities, said, "Nifty opened higher but struggled to withstand the selling pressure at elevated levels.
Read more on livemint.com
