The Indian benchmark indices have opened in red on the back of negative market trends. SGX Nifty has indicated gap-down opening of the index losing 281 points in the pre-opening session.
Indian market opened at a very negative note. The Sensex is currently down by 917.24 points. It is running at a declining rate by 1.80% to settle at 50122.07 levels.
Also, the Nifty slipped down by 267.80 points to settle at 14829.60. Nifty is currently down by 1.77 percent.
Almost all the major shares are trading in red as per the latest update. There has been no gain since so far on the charts.
Currently, all the sectoral indices are trading in red with Nestle, NTPC, ONGC, IndusInd Bank among others. The Nifty futures were moreover trading at 14,899 levels at 07:30 IST on Singaporean Exchange.
However, metal index along with the PSU Bank indices are down by more than 2 percent each.
Both the PSU banks and metals segment is under too much pressure in the Indian stock market.
Moreover, the S&P BSE Sensex gained 257.62 points to settle at 51,039.31 in the last session. Meanwhile the Nifty also added 115.40 points to close at 15,097.40 levels.
The key support levels are moreover placed at 15,049.57 levels for Nifty followed by 15,001.83 levels.
The key resistance levels to look after are 15,160.77 and also 15,224.23 levels.
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