Mumbai: India’s benchmark index was mixed in the global tips on Monday, as there were purchases in early trade IT, PSU banking and financial services sectors.
At around 9.30 am, Sensex’s trading point was 125.06 points or 0.17%, at 74,457.64, while Nifty increased by 39.35 points or 0.17%, at 22,591.85.
Nifty Bank fell 7.00 points, or 0.01%, to 48,490.50. Get a Nifty MidCAP 100 index of 49,305.15 with 114.55 points or 0.23%. The Nifty SmallCAP 100 index rose 35.65 points or 0.23% to 15,539.95.
According to market observers, when the new trading week begins, investors think of: Will Nifty’s performance last week continue?
The decline in FII sales intensity witnessed last week was positive. However, due to the high element of uncertainty, it is unlikely that the market momentum witnessed last week will continue to exceed a little bit.
“Investors can play a safe role by focusing on domestic consumption themes that are not affected by potential tariffs. “A oriented segments like IT and Pharma will turbulent news flows around U.S. action,” said VK VK Vijayakumar, chief investment strategist at Geojit Financial Services.
After the opening is negative, Nifty can find support for 22,350 and 22,300 under 22,450. Experts say 22,600 times can be immediately resistant, followed by 22,700 and 22,800.
Meanwhile, Sensex Pack, Sun Pharma, Bajaj Finance, Axis Bank, Bajaj Finserv, Bharti Airtel, PowerGrid and Tata Steel are the highest elements. And Indusind Bank, M&M, L&T, ITC, Titan and Maruti Suzuki are the biggest losers.
In its last trade show on Friday, Dow Jones rose 0.52%, closing 42,801.72. The S&P 500 rose to 0.55% to 5,770.20, while Nasdaq shares rose 0.70% to close at 18,196.22.
In the Asian market, only Japan and Seoul trade in green. Bangkok, China, Jakarta and Hong Kong trade in red.
Foreign Institutional Investors (FIIS) extended their sales on March 7 as they sold shares worth Rs 203,500 crore. However, domestic institutional investors (DIIS) bought shares worth Rs 23,2036 crore on the same day.
