ANI
22 Nov 2022, 15:03 GMT+10
New Delhi [India], November 22 (ANI): Indian stock indices have stalled three straight session losses to marginally rise on Tuesday morning.
At 9.47 am, Sensex traded at 61,235.72 points, up 90.88 points or 0.15 per cent, whereas Nifty traded at 18,180.70 points, up 20.75 points or 0.11 per cent.
"The weakness in the market is likely to continue in the near term. With the dollar index rebounding to above 108, FIIs may sell again or at least refrain from big buying. There are no positive triggers now that can take the market much higher from the current levels," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Vijayakumar added long-term investors can utilize the weakness in the market to buy high-quality stocks in banking, telecom, capital goods, IT and autos and blue chips across sectors.
On Monday, markets started the week on a feeble note and lost over half a per cent, in continuation to the previous session's fall.
After the initial decline, Nifty traded in a narrow band till the end and settled closer to the day's low at 18,159.95 levels. Most sectoral indices traded in line with the benchmark and ended lower wherein realty, IT and energy were the top losers.
"Participants should see the dip as normal profit-taking after the recent surge and we expect the 17,950-18,050 zone to act as immediate support in Nifty. While we're seeing a mixed trend across sectors, resilience in the banking space is playing a critical role in capping the damage so far," said Ajit Mishra, VP - Research at Religare Broking.
Meanwhile, Rupee too opened Tuesday's trade marginally higher at 81.72 against the previous session close of 81.84. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationBOLOGNA, Italy: Due to fears of a collapse, local officials have secured the area around one of two 12th century ...
MUNICH, Germany: The heavy snow and icy conditions that hit Bavaria, Germany, canceled flights and long-distance trains out of Munich, ...
RALEIGH, North Carolina: After a decade of discussions and hesitations, North Carolina has expanded Medicaid coverage by offering government-funded health ...
The U.S. has supplied Israel with scores of BLU-109 bunker-buster bombs since October 7, the Wall Street Journal has reported, ...
WASHINGTON D.C.: This week, the Biden administration announced a proposal by the Environmental Protection Agency (EPA) that would require U.S. ...
TOKYO, Japan: Japan's space agency recently fell victim to a cyberattack, but reassuringly, the compromised information did not pertain to ...
ARLINGTON, Virginia: This week, the conservative U.S. political network Americans for Prosperity Action (AFP Action), led by billionaire Charles Koch, ...
(Photo credit: Michael McLoone-USA TODAY Sports) Catcher Victor Caratini agreed to a two-year, $12 million contract with the Houston Astros, ...
(Photo credit: Jeff Hanisch-USA TODAY Sports) Mason Crosby is set to join the Los Angeles Rams after 16 seasons with ...
(Photo credit: Brad Penner-USA TODAY Sports) Cam Spencer scored 23 points and No. 5 UConn used some hot shooting to ...
(Photo credit: Gary A. Vasquez-USA TODAY Sports) LeBron James scored 31 points with 11 assists, Anthony Davis scored 27 points ...
(Photo credit: Michael McLoone-USA TODAY Sports) Giannis Antetokounmpo collected 35 points, 10 assists and eight rebounds to fuel the host ...