Sensex Today | Share Market Live updates: Sensex, Nifty to remain cautious
For the second session in a row, FIIs sold shares of Indian companies for ₹82.96 crore on Monday. On the other hand, for the second straight day, DIIs bought shares for ₹934.87 crore.
The Nifty ended the previous session at 19,672.35, down 73 points, or 0.37%, while the Sensex concluded the session with a loss of 299 points, or 0.45%, at 66,384.78.
Ajit Mishra, SVP – Technical Research, Religare Broking Ltd. said, “It is a healthy correction as it would help in easing the overbought condition and we expect Nifty to respect the 19300-19500 zone during this phase. Traders should focus on managing their existing trades and accumulating quality stocks on dips. We feel the performance of the banking pack would play a critical role ahead.”
The Federal Reserve is widely expected to lift interest rates on Wednesday, but the central bank’s statements will be scrutinized for clues on possible additional increases later in 2023.
Share Market Live: US stocks rise on Monday as Dow extends winning streak
Wall Street stocks advanced Monday ahead of major earnings and central bank announcements as the Dow won its 11th-straight gain.
The ascent of the blue chip index has bolstered hopes that the stock market rally of 2023 could be extended as the advance broadens beyond technology companies.
The Federal Reserve is widely expected to lift interest rates on Wednesday, but the central bank’s statements will be scrutinized for clues on possible additional increases later in 2023.
“US stocks are catching a modest bid here as optimism grows that the Fed won’t remain hawkish and will likely signal they will deliver one more hike and potentially pause for a long time,” said Oanda’s Edward Moya.
The Dow Jones Industrial Average finished up 0.5 percent at 35,411.24 as the index touched a fresh 15-month peak during the trading.
The broad-based S&P 500 advanced 0.4 percent to 4,554.64, while the tech-rich Nasdaq Composite Index added 0.2 percent at 14,058.87. (AFP)
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