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Sensex, Nifty snaps 6-day winning streak on profit-booking but no 'trend reversal' yet

The Nifty is up 3x from the Covid low of 7,511 in March 2020, which is an indication of a strong bull market and it has a long way to go, analysts say

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Mid-day Mood | Indices recover from early losses amid gains in financial stocks, IT sees profit-booking

The benchmark indices shrugged off weak global trend to recoup early losses to trade marginally high on gains in financial names

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sensex today: Sensex slides over 150 points on negative Asian cues; Nifty below 22,100

Indian equity indices opened lower due to the decline in Asian peers. The BSE Sensex and Nifty50 both traded in the red, dragged down by IT and energy stocks. HCL Tech, Wipro, NTPC, Tech Mahindra, and Infosys opened with cuts, while JSW Steel, Tata Steel, Bajaj Finance, HDFC Bank, and Bharti Airtel opened with gains. The Nifty IT index fell, led by HCL Tech and Wipro. Aster DM Healthcare shares rose 10% after announcing a dividend for shareholders. Jio Financial Services reported a decline in net profit, causing its shares to fall.

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Rise in oil prices can hinder market rally of last 2 months – Eastern Mirror

Rise in oil prices can hinder market rally of last 2 months – Eastern Mirror
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Rise in oil prices can hinder market rally of last 2 months

A gradual rise in oil prices along with concern over high domestic food inflation may pose a hindrance to the stretched rally of the last two months, Vinod Nair, Head of Research at Geojit Financial.

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