Sensex Today | Share Market Live Updates : Sensex down 420pts, Nifty at 22,000; All sectoral indices barring media red

Sensex Today Live : Indian benchmark indices had extended their losses after opening in the red on Friday, led by muted sentiment flowing from global markets.

At 10 am, Sensex was down 471.57 points, or 0.65%, at 72,625.71, and Nifty was down 156.95 points, or 0.71%, at 21,989.70.

Sensex Today Live : EaseMyTrip.com today announced an exclusive offer for its corporate clients. The company will provide a 20-day credit period to all listed companies to complete payments for their travel bookings.

This strategic move will facilitate seamless payments and streamline the transactional process for the involved parties.

The company, in an exchange filing, said, “With a 20-day window, the extended credit period will enable listed companies to manage their cash flows better while accessing EaseMyTrip’s wide array of travel and related services. To avail this offer, the companies will have to provide EaseMyTrip with a future-dated cheque”.

Sensex Today Live : Derivatives: Index View Point: BanknNifty 21 Mar weekly cmp 46789

Trading set up

FII net buy 43 crs. Total OI addition of 1.3% noted at 206 bps hints at short build up. OI PCR 0.82 is call heavy. Total OI is heavy at 47k strike in calls which suggestive of strong resistance build up. 45,500 is the put writing support base.

Daily view: Negative till prices stay below 47k Resistance 47,100/47,500 Supports 46,200/46,000

Sensex Today Live : Long : Short Ratio is at 39% : 61%

VIX at 13.62

FIIs outlook is sideways for indices & positive for FnO stocks

NF witnessed long build up to the tune of 6% + its PCR_OI is at 0.95 indicating a positive trend

The new weekly expiry shows the highest OI concentrated at 23,000 CE (0.94 L contracts) & 22,000 PE (0.74 L contracts)

Immediate fight around 22,200 for bears and bulls. Crucial level to watch for today

View: Today’s weekly closing is going to be important. If it closes above 22,200, then a far better chance of Nifty testing new highs again. If closing comes around 22,050, then a few days of consolidation/sideways trend before deciding on further trend. In any case, below 21,900/850, Nifty can test 21,500/400.

Actionable (Positional): Protective Put Strategy for Risk Takers Only: Buy Nifty March Futures on declines around 22,100 & Buy 22,100 PE of 28th March Expiry in range of 140/160. BEP 22260, TGT 22500 & SL 21800 (spot)

Sensex Today Live : Most heavyweight indices, like Bank, Auto, Financial Services, FMCG, IT, Pharma, and Healthcare, were in the red. 

Sensex Today Live : The broader market was showing signs of strength, with the BSE MidCap up 0.28%, and the BSE SmallCap up 0.76%.

Sensex Today Live : Power Grid Corp., NTPC, UPL, ONGC, and Tata Motors, were the top gainers on the Nifty, while BPCL, Infosys, Mahindra & Mahindra, and LTI Mindtree, were the top losers. 

Sensex Today Live : Power Grid Corp., SBI, NTPC, Tata Motors, and Nestle India, were the top gainers on the Sensex, while Infosys, Axis Bank, Mahindra & Mahindra, HCL Tech, and ICICI Bank, were the top drags. 

Sensex Today Live : Indian benchmark indices opened in the red on Friday, led by muted sentiment flowing from global markets.

At opening bell, Sensex was down 253.53 points, or 0.35%, at 72,843.75 and Nifty was down 82.45 points, or 0.37%, at 22,064.20.

Sensex Today Live : Indian benchmark indices fell at pre-open on Friday, dragged down by souring mood in global markets.

Sensex was down 210.51 points, or 0.29%, at 72,886.77, and Nifty was down 81.80 points, or 0.37%, at 22,064.85 during pre-open.

Sensex Today Live : LTTS to establish AI, ML-driven Cybersecurity & Digital Threat Analytics Centre for Maharashtra Cyber, enhancing citizen cyber safety and awareness

L&T Technology Services announced today that it has won a first-of-its-kind program in India worth around $100 million (INR 800 Crore) from Maharashtra State Cyber Department, under the Government of Maharashtra.

In this pioneering initiative by the Government of Maharashtra, LTTS, in consortium with M/s KPMG Assurance and Consulting Services LLP as forensics partner, will provide advanced Cyber Security Solutions for the State enhancing public safety against cyber threats.

Sensex Today Live : The Indian stock market indices are predicted to start lower on Friday, influenced by weak global market indicators. The trends on Gift Nifty also suggest a gap-down opening for the Indian benchmark index. The Gift Nifty was trading around the 22,152 level, showing a discount of over 100 points from the Nifty futures’ previous closing.

On Thursday, the domestic benchmark equity indices made a significant recovery from lower levels and ended with substantial gains after experiencing a massive sell-off in the prior session. The Nifty 50 formed a reasonably positive candle on the daily chart, in addition to the long bear candle of the previous session, indicating a potential pullback rally in the market.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, stated, “Nifty is anticipated to encounter a strong obstacle at the mid and upper parts of Wednesday’s long bear candle around the 22,175 and 22,450 levels respectively. The positive chart pattern of higher tops and bottoms remains intact, as Nifty has managed to create a new higher swing low of 21,905 levels so far on Wednesday.” (Read the full story here.)

Sensex Today Live : The domestic equity indices, Sensex and Nifty, are projected to commence lower on Friday due to the observed weakness in global markets.

Asian markets experienced a downturn, and the US stock market concluded lower overnight. This was triggered by US producer prices surpassing estimates, indicating that the US Federal Reserve might decrease the frequency of rate cuts this year.

On Thursday, the Indian stock market indices saw a sharp rebound, ending higher due to purchases in metals and energy stocks, with mid and smallcap indices outperforming the frontliners.

Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, stated, “We anticipate the broader market volatility to persist in the near term. Hence, retail investors should view this correction as an opportunity to accumulate quality names in 3-4 tranches. We recommend a higher allocation towards largecaps as their valuations are comfortable along with steady growth prospects.” (Read the full story here.)

Sensex Today Live : With sentiment souring globally, the Indian markets were also headed for a tepid start on Friday. This was borne out by the Gift Nifty futures that was trading nearly identical to Thursday’s Nifty 50 close of 22,146.65.

At 8:10 am, Gift Nifty was trading at 22,148.28, only 2 points ahead of Nifty 50’s Thursday close.

Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates.

Crude oil slipped back after its overnight surge above $85 for the first time since November, and remained on track for a rally of nearly 4% this week.

Bitcoin edged back toward the all-time high reached on Thursday.

U.S. stock futures pointed marginally lower following a 0.29% decline in the S&P 500 on Thursday. However, the impact of a big sell off in chip-sector shares reverberated in Asian markets, weighing on stock indexes around the region.

Hong Kong’s Hang Seng slid more than 1%, as did South Korea’s Kospi.

Mainland Chinese blue chips, however, were little changed, despite the central bank’s decision to forgo any easing in keeping the medium-term lending facility rate unchanged on Friday.

Japan’s Nikkei eased 0.3%.

In cryptocurrencies, bitcoin added 1.4% to $71,650, climbing back toward the record high of $73,192.79 from the previous session.

Brent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel. U.S. West Texas Intermediate (WTI) crude for April fell 32 cents, or 0.4%, to $80.94.