Today’s Market News :
The GIFT Nifty is trading lower, indicating a negative start for the day. Nifty futures were trading at 26,315.50 at 07:00 am IST.
Indian benchmark indices Sensex and Nifty 50 are likely to see a negative start on September 30, tracking cues from GIFT Nifty trading around 26,315.50, a short while ago this morning.
Here’s the latest Indian market news:
Market Trends: The Indian stock market is expected to start weak today, with Gift Nifty trading around 26,315, a discount of nearly 30 points from the Nifty futures’ previous close .
Global Cues: Global markets are showing positive trends, with Asian stocks trading higher, driven by strong global market cues and China’s fresh stimulus measures ².
Nifty 50: Experts believe that the Nifty 50 may move towards the 26,500-26,600 zone, provided it defends the crucial 25,900-25,800 levels .
Company News: IDFC First Bank, Dr Reddy’s Laboratories, Punjab National Bank, ICICI Prudential Life Insurance Company, Bharat Electronics, Tata Chemicals, Adani Enterprises, and Adani Energy Solutions will be in focus today .
Economic News: The Indian rupee closed 13 paise lower at 83.70 on September 27 against its September 20 closing of 83.57 .
-IPO Updates: Solarworld Energy Solutions IPO and Dr Agarwals Healthcare IPO are open for subscription .
Market Outlook: Analysts expect the market to consolidate further in the coming sessions before the start of a new leg of an upmove.
