Sensex rises 70 points, Nifty at 15,215; ONGC, IndusInd Bank, SBI top gainers

Sensex, Nifty LIVE Updates on February 18: Share market indices opened on a bullish note on Thursday, amid positive global equities. Sensex traded 50 points higher at 51,700 and Nifty gained by 20 points to 15,228. Yesterday, BSE 30-share Sensex ended 400 points lower at 51,703 and NSE Nifty 50 fell by 104 points at 15,208.

Here’s a look at the LIVE updates of the market action on BSE and NSE today

9. 22 AM: Nifty outlook

Reliance Research in its note said,” NSE-NIFTY failed to record new high amidst undergoing profit booking. Overall market breadth remained negative and major sectors remained mix. However FII continued their buying trend. Major technical indicators were negatively poised, but remained above their threshold level. The index has potential to test 15,500-15,800-16,000-level in the short-term. In case of decline, the index will find support at around 15,000-level initially and 14,850-level subsequently. 

As for the day, support is placed at around 15,148 and then at 15,088 levels, while resistance is observed at 15,292 and then at 15,375 levels.

9. 11 AM: FII action

Foreign portfolio investors (FPIs) bought shares worth Rs 1,008.20 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,283.38 crore in the Indian equity market on 17 February, provisional data showed.

9.00 AM: Global markets today

Overseas, Asian stocks were mixed on Thursday, amid lingering pandemic concerns pushed against stronger economic data, and with little firm direction from Wall Street.

In US, the Nasdaq closed lower while the S&P 500 was little changed on Wednesday as concerns about inflation added some pressure on stocks.

8. 50 AM: Closing session on Wednesday

Tracking losses in index majors, share market indices ended on a bearish note on Wednesday, amid mixed global equities. Falling for the second straight session, BSE 30-share Sensex ended 400 points lower at 51,703 and NSE Nifty 50 fell by 104 points at 15,208.

Nestle, Asian Paints, Maruti, Bajaj Finserv, HDFC Bank, IndusInd Bank, HDFC and Dr Reddy’s were among the top losers today. On the other hand, SBI, Power Grid, RIL, NTPC, M&M, Airtel and Axis Bank were among the top gainers.

Top losers today: Nestle, Asian Paints, Maruti, Bajaj Finserv fall up to 3%

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