Stock Market LIVE: Sensex, Nifty trade lower today! Nifty below 22,000, Sensex near 72,600; Media and Realty stocks shine – Market News

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty has closed below the upward trendline, indicating a return of bearish sentiment in the market. The momentum indicator signals bearish momentum in the short term. The Nifty’s immediate support lies at the 50-day moving average (DMA), presently at 21,900, which is anticipated to offer some support. However, a significant breach below this level could trigger a steep decline in the index. Resistance is noted in the 22,200-22,250 range on the upside.

M&M, Tata Steel, NTPC, BPCL, and Coal India were the top gainers in the Nifty 50. While, Adani Enterprises, Adani Enterprises, Power Grid Corp, Eicher Motors, and Grasim Industries were the major losers in the Nifty 50 on March 18.

The NSE has added Aditya Birla Fashion, Bharat Heavy Electricals, Biocon, Hindustan Copper, Manappuram Finance, National Aluminium, Piramal Enterprise, RBL Bank, Sail, Tata Chemical, and Zee Entertainment Enterprise. in F&O on March 18, 2024.

Foreign institutional investors (FII) bought shares worth net Rs 848.6 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 682.3 crore on March 15, 2024, according to the provisional data available on the NSE.

WTI crude prices are currently trading at $81.14, reflecting a 0.12% increase, while Brent crude prices stand at $85.44, showing a 0.14% rise, as of Monday morning.

Bloomberg reported a decline in the U.S. stock market driven by a sell-off in the technology sector and concerns over potential volatility from expiring options on Friday. The Nasdaq Composite, heavily influenced by tech stocks, closed down 155.36 points or 0.96% at 15,973.17. The S&P 500 saw a decrease of 33.39 points or 0.65% to 5,117.09, while the Dow Jones Industrial Average ended the day lower by 190.89 points or 0.49% at 38,714.77.

The US Dollar Index (DXY), gauging the dollar’s worth against a basket of six foreign currencies, registered a marginal decline of 0.01%, trading at 103.46.

Bloomberg reported a decline in the U.S. stock market driven by a sell-off in the technology sector and concerns over potential volatility from expiring options on Friday. The Nasdaq Composite, heavily influenced by tech stocks, closed down 155.36 points or 0.96% at 15,973.17. The S&P 500 saw a decrease of 33.39 points or 0.65% to 5,117.09, while the Dow Jones Industrial Average ended the day lower by 190.89 points or 0.49% at 38,714.77.