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Business News›Markets›Stocks›Live Blog›Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a positive start; Asian shares trade higher LIVE BLOG Sensex Today | Nifty 50 | Stock Market Live Updates: Going ahead, analysts say, 23,175, corresponding to the previous session’s high, remains the immediate resistance Synopsis Sensex Today | Nifty 50 | Stock Market Live Updates: Benchmark indices faced renewed selling pressure on Monday, reversing their recent gains as weak global cues and profit booking in private banking and IT stocks dampened investor sentiment. Crude oil prices remained elevated amid ongoing geopolitical tensions, adding to market uncertainty The Nifty 50 closed at 22,889 on Monday, declining 257 points, or 1.11%. According to Ponmudi R, CEO of Enrich Money, the index needs to reclaim and sustain levels above 23,000, followed by the key resistance zone of 23,200–23,300. A decisive breakout above this range could reinforce bullish momentum and improve the near-term market outlook. Analysts see 23,175, the previous session’s high, as the immediate resistance for the Nifty. A sustained move above this level could pave the way for a recovery towards 23,300. Show more 1 New Update US stock indexes closed mostly higher on Tuesday as oil prices and Treasury yields eased, while French shares declined amid persistent concerns over political unrest in the country. Shares of Reliance Industries, IREDA, Yes Bank, Waaree Renewable Technologies, Trent, Hindustan Zinc, RailTel Corporation of India and other companies are likely to remain in focus on Wednesday, October 21, as investors track quarterly results, corporate updates, fundraising plans and order wins. Asian markets advanced alongside US equity futures as strong earnings from major beneficiaries of the artificial intelligence boom revived optimism about technology stocks. GIFT Nifty on the NSE IX traded higher by 88.5 points, or 0.39 per cent, at 23,023, signaling that Dalal Street was headed for a positive start on Wednesday. Indian stock markets tumbled on Monday, with the Sensex and Nifty falling over 1% each as heavy selling in heavyweight private sector banks and other factors dampened investor sentiment. Indian equities came under renewed selling pressure, reversing recent gains as weak global cues and heavy selling in private sector banks and IT stocks dampened investor sentiment. Global markets remained cautious ahead of a busy week of corporate earnings. The Nifty slipped below the crucial 23,000 mark, while weak market breadth reflected broad-based caution amid earnings-related volatility and lingering global uncertainties.
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