ANI
22 Nov 2022, 10:33 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 Sports 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 Sports Sun.
More Information(Photo credit: Stephen Lew-Imagn Images) New Orleans Pelicans forward Herbert Jones agreed to a three-year, $68 million extension,...
(Photo credit: Jordan Johnson-Imagn Images) Pete Crow-Armstrong crushed a pair of home runs and right-hander Colin Rea handled the...
(Photo credit: Kirby Lee-Imagn Images) Los Angeles Chargers running back Najee Harris sustained an eye injury in a Fourth of July...
(Photo credit: Nathan Ray Seebeck-Imagn Images) Athletics designated hitter Brent Rooker and New York Yankees second baseman Jazz...
(Photo credit: Eric Canha-Imagn Images) The Red Sox won't wait until after the All-Star break for Alex Bregman, as manager Alex Cora...
(Photo credit: Mitch Stringer-Imagn Images) Jordan Westburg homered and Gunnar Henderson had three hits as the Baltimore Orioles...
(Photo credit: Kirby Lee-Imagn Images) Los Angeles Chargers running back Najee Harris sustained an eye injury in a Fourth of July...
(Photo credit: John E. Sokolowski-Imagn Images) Veteran quarterback Trevor Harris returns to action and the Saskatchewan Roughriders...
(Photo credit: Alex Martin/Journal and Courier / USA TODAY NETWORK via Imagn Images) Southern California offensive lineman DJ Wingfield...
(Photo credit: Denny Medley-Imagn Images) LSU and coach Brian Kelly scored a huge win Thursday, keeping local product Lamar Brown...
(Photo credit: Mark J. Rebilas-Imagn Images) Amazon Prime Video has hired veteran broadcaster Kevin Harlan to call NBA games during...
(Photo credit: Eric Hartline-Imagn Images) San Francisco 49ers wide receiver Demarcus Robinson was sentenced to three years probation...