Monday, 19 March 2018

Sensex Falls 100 Pts, Nifty Opens Below 10,100 | Today Stock Market News Outlook 20 March 2018.


SENSEX (20th Mar 2018) Trend : down Preopening Price : 32218.80 Gap down : -104.60 (0.32%) Support : 31927 -31746 Resistance: 32412 - 32622

NIFTY ( 20th Mar 2018) Trend : down Preopening Price : 10058.55 Gap down : -35.85 (0.35%) Support : 9842-9936 Resistance : 10196-10312 

BANK NIFTY (20th Mar 2018) Trend : DOWN Preopening Price: 24133.95 Gap up : -111.15(-0.46%) Support : 24588-24360 Resistance :25001-25198  

Benchmark indices extended previous day's losses in opening trade on Tuesday, with the Sensex and Midcap indices falling more than 100 points following weak global cues.

The 30-share BSE Sensex was down 103.21 points at 32,819.91 and the 50-share NSE Nifty fell 32.90 points to 10,061.40.

Vedanta, IOC, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Cipla, Hindalco, Tata Motors and IndusInd Bank were early losers.

Infosys, Indiabulls Housing Finance, UltraTech Cement and Eicher Motors were early gainers.

Nifty Midcap index was down 120 points. About four shares declined for every share rising on the BSE.

Canara Bank, Central Bank of India, BEML, Cummins India, Zee Learn fell up to 4 percent

Shilpa Medicare, Future Retail, Godrej Consumer, Future Consumer and Gujarat Gas gained up to 2 percent.

Asian markets were weaker, as the pullback on Wall Street overnight weighed on sentiment. The Nikkei 225 fell 0.9 percent, tracking the declines seen stateside overnight while the South Korea's Kospi index was down 0.4 percent.

US stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.

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