Stock Market
Market shock at opening bell: Sensex tanks 100 points, Nifty crashes below 26,000!
Mumbai/IBNS: The Indian stock market opened on a flat note on Tuesday, with the BSE Sensex slipping around 100 points and the NSE Nifty trading below the 26,000 mark, reports said.
The Nifty opened at 25,998.50 and was trading at 25,991.55, compared to its previous close of 25,959.50.
Among the major laggards were Power Grid, Infosys, M&M, Tech Mahindra, Tata Motors PV and ICICI Bank. BEL, Tata Steel, SBI, Axis Bank, Eternal and Asian Paints were among the top gainers.
In the broader market, the Nifty Midcap index inched up 0.24%, while the Nifty Smallcap index added 0.08%. The Nifty 100 opened with gains of 0.13%.
Sector-wise, Nifty IT, FMCG and Auto traded in the red, while Nifty Realty and Metal were among the gainers. Nifty Media and Nifty Pharma also traded in positive territory.
Market expert Anil Singhvi expects support for the Nifty 50 in the 25,800–25,900 range and a strong buy zone between 25,650 and 25,775, according to Zee Business. He also projected a higher zone for the Bank Nifty at 59,000–59,225 and a strong sell zone at 59,300–59,450.
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