Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty closed with losses, givign up their gaining streak.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equities opened in the green on Tuesday but failed to hold gains as bears made a comeback. S&P BSE Sensex closed 709 points or 1.26% lower at 55,776 while the NSE Nifty 50 index tanked 208 points or 1.23% to end the day at 16,663. Bank Nifty was just above 35,000 while India VIX soared 4% to breach 26 levels again. Mahindra & Mahindra was the top gainer on Sensex, up 2.23%, followed by Maruti Suzuki India, and Nestle India. Tata Steel was the worst-performing stock on Sensex, accompanied by Tech Mahindra, and Kotak Mahindra Bank.
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Nifty support at 16400, all eyes on US Fed meet this week; SBI, Cipla, others top money-making ideas
The 16975-17030 is the resistance zone for the Nifty 50. Crossing and trading above 17030 on a sustainable basis rally can extend towards 17490 odd levels where the next set of resistances are seen. On the downside, support is seen at 16450-16400 levels. On holding above this index remains positive in the short term. Breaking below the 16400 index is likely to retest of recent low.