Indian stock indices, rupee marginally up in early trade on Tuesday

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)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

null in null

Lifestyle

Section

Methionine Restriction Could Extend Lifespan, Boost Health

VILNIUS, Lithuania – A growing body of research suggests that selectively restricting a single nutrient in our diet could have profound...

Daily World Briefing, July 2

U.S. Senate passes Trump's landmark mega-bill The GOP-led Senate on Tuesday passed U.S. President Donald Trump's One Big Beautiful...

Army's cycling expedition covers 312 km from Nyoma to Galwan in tribute to fallen "bravehearts"

Leh (Ladakh) [India], July 2 (ANI): GOC Trishul Division's Galwan Cycling Expedition team covered a distance of 312 km from Nyoma to...

Syrians in Trkiye look homeward as tensions ease

by Burak Akinci ANKARA, July 1 (Xinhua) -- Yousouf Al Sharif, a 35-year-old furniture worker from Syria living in Ankara, is thinking...

Central Administrative Tribunal holds RCB "responsible" for Bengaluru stampede

Bengaluru (Karnataka) [India], July 1 (ANI): The Central Administrative Tribunal (CAT) on Tuesday stated that it was the Royal Challengers...

Israel military chief warns cabinet against expanding Gaza operations over hostage safety

Tel Aviv [Israel], July 1 (ANI): Israel's military chief, Lt Gen Eyal Zamir, has advised cabinet ministers against ordering the Israel...

International

Section