Stock Market Begins Its Day With Green, Bank Nifty Stands Tall

The domestic Stock market started its day with green on Tuesday, with Sensex opening standing at 77507.32, which was up by 166.24 points.

While Nifty opened at 41.55 points, which was up by 23579.40. Nifty companies also displayed 44 posted advances and 5 posted declines. Bank Nifty has acquired over 200 points to a new all-time high.

In the start of the hour, indices of the sector such as banks, Auto, Financial services, Media, Metal, and Pharma started its day with green at National Stock Exchange. Also, the stocks of Ultratech Cement, HDFC Bank, and SBI made huge gains.

But other sectors such as FMCG, IT and Realty began its day with Red. However, as a whole, the market sentiments is cautious, with technical indications hinting at potential upward moves. Unless their key resistance is breached and maintains supportive stance at lower level.

Earlier on June 24, the BSE sensex reported a fall of 346.25 points. Which stood at 76,863.65. As a result, the BSE sensex declined by 0.45 per cent.

The NSE Nifty 50 reported the drop by 99.75 points. Thus, standing at 23,401.35. Thus, declining by 0.42 per cent.

Overall, the market sentiments are cautious with technical indications, which hints that market might climb high, if huge resistance levels are broken. But at lower level, the market is generally cautious.