Market Update: Indian Stock Market Trends

[nayaindia]

Mumbai. The Indian Stock Market opened with a surge on Monday. During the early trading hours, all major indices showed an upward trend. At 9:19 AM, the Sensex was up by 190 points or 0.24% at 80,627, while the Nifty gained 56 points or 0.23%, reaching 24,597. The market sentiment remains positive, with 1,689 stocks trading in the green and 406 in the red. Both large-cap and mid-cap stocks are experiencing buying trends.

The Nifty Midcap 100 Index rose by 280 points or 0.49% to 57,936, and the Nifty Smallcap 100 Index increased by 192 points or 1.04% to 18,628. Sectors like PSU Banks, Financial Services, Pharma, FMCG, and Realty are witnessing growth, whereas Auto and IT indices are seeing declines. Top gainers in the Sensex pack include NTPC, Titan, Tata Steel, Reliance, SBI, ITC, UltraTech Cement, Wipro, and Bajaj Finance, while M&M, Nestle, Tata Motors, HDFC Bank, TCS, HUL, and Infosys are among the top losers.

According to Choice Broking, after a strong opening, crucial support levels for Nifty are 24,500, 24,450, and 24,350, with resistance at 24,700, 24,750, and 24,800. In the Asian markets, mixed trading is observed; Tokyo and Seoul are in the red, while Shanghai, Hong Kong, and Bangkok are in the green. U.S. markets closed positively on Friday. For more updates, check the latest Hindi News.

[laotiosub]

What are you all looking at in terms of potential trades?

[TommeHie]

The Indian Stock Market is buzzing with energy. When I started paying more attention to the stock market, I noticed how quickly things could shift, especially after news about specific companies or sectors.Once, I invested in a mid-cap stock that was gaining traction, and it felt great to watch it climb. I got some helpful insights from resources like https://proptraderhub.com/apex-trader-fu...upon-code/, which made a big difference in my confidence as a new investor. Just keeping an eye on those support and resistance levels really helps me decide when to jump in or hold back.