Stock Market Live Updates Today: BSE Sensex flat in trade, stays above 76,000; Nifty50 near 23,950 on mixed global cues; Asian stocks rise
Sector-wise, Capital Goods, Metal, Utilities, Power, Commodities, Telecommunication, and Focused IT witnessed selective buying interest and managed to outperform during the session. On the other hand, Consumer Durables, Top 10 Banks, Financial Services, Hospitals, Realty, PSU Banks, and Private Banks witnessed weakness and profit booking. Banking indices traded under pressure, while FMCG, Auto, and IT sectors remained relatively range-bound with limited directional movement.
Technically, Sensex faced resistance near the 76,600–76,700 zone and witnessed profit booking from higher levels, indicating that traders remain cautious near resistance areas. The index closed near the day’s low, reflecting weak short-term sentiment and lack of follow-up buying at higher levels. Immediate support is now placed around 75,400–75,700, while resistance is seen near 76,700–77,000. Sustaining above the support zone may keep the broader structure stable, whereas a decisive breakout above resistance could revive fresh bullish momentum in the coming sessions.
The overall market bias remains cautiously positive as the index continues to hold above important support levels despite profit booking at higher zones. However, closing near the day’s low suggests that traders may remain selective and cautious in the near term. As long as Sensex sustains above the 75,400–75,700 support range, the broader undertone may remain stable with stock-specific trading opportunities, says Hitesh Tailor, Technical Research Analyst at Choice Equity Broking Private Limited.