Stock Market LIVE: Sensex, Nifty trade lower today! Nifty below 22,000, Sensex near 72,600; Media and Realty stocks shine – Market News

Shares of Coforge fell 7.2% to an intraday low of Rs 5,675 after the company approved raising Rs 3,200 crore fund through QIP.

The company’s board has approved raising of funds for an aggregate amount not exceeding Rs 3,200 crores or an equivalent amount thereof by way of qualified institutional placement or other permissible modes in accordance with the applicable laws, the company said in an exchange filing.

The NSE Nifty was up 2.15 points or 0.01% at 22,025.50 while the 30-stock Sensex was up 33.62 points or 0.05% at 72,677.05.

Tata SteelJSW Steel, M&M, Bajaj Autoand Tata Motors were the top gainers in the Nifty 50. While Adani Ports, UPL, Adani EnterprisesTata Consumer, and Titan were the major losers in the Nifty 50 on March 18.

Courtesy: BSE

According to Rupak De, Senior Technical Analyst at LKP Securitiesthe Nifty has closed below the upward trendline, indicating a return of bearish sentiment in the market. The momentum indicator signals bearish momentum in the short term. The Nifty’s immediate support lies at the 50-day moving average (DMA), presently at 21,900, which is anticipated to offer some support. However, a significant breach below this level could trigger a steep decline in the index. Resistance is noted in the 22,200-22,250 range on the upside.

M&M, Tata Steel, NTPC, BPCLand Coal India were the top gainers in the Nifty 50. While, Adani EnterprisesAdani Enterprises, Power Grid Corp, Eicher Motorsand Grasim Industries were the major losers in the Nifty 50 on March 18.

The NSE has added Aditya Birla Fashion, Bharat Heavy Electricals, Biocon, Hindustan Copper, Manappuram FinanceNational Aluminium, Piramal Enterprise, RBL BankSail, Tata Chemical, and Zee Entertainment Enterprise. in F&O on March 18, 2024.

Foreign institutional investors (FII) bought shares worth net Rs 848.6 crore, while domestic institutional investors (DII) offloaded shares worth net Rs 682.3 crore on March 15, 2024, according to the provisional data available on the NSE.

WTI crude prices are currently trading at $81.14, reflecting a 0.12% increase, while Brent crude prices stand at $85.44, showing a 0.14% rise, as of Monday morning.

Bloomberg reported a decline in the U.S. stock market driven by a sell-off in the technology sector and concerns over potential volatility from expiring options on Friday. The Nasdaq Composite, heavily influenced by tech stocks, closed down 155.36 points or 0.96% at 15,973.17. The S&P 500 saw a decrease of 33.39 points or 0.65% to 5,117.09, while the Dow Jones Industrial Average ended the day lower by 190.89 points or 0.49% at 38,714.77.

The US Dollar Index (DXY), gauging the dollar’s worth against a basket of six foreign currencies, registered a marginal decline of 0.01%, trading at 103.46.

Bloomberg reported a decline in the U.S. stock market driven by a sell-off in the technology sector and concerns over potential volatility from expiring options on Friday. The Nasdaq Composite, heavily influenced by tech stocks, closed down 155.36 points or 0.96% at 15,973.17. The S&P 500 saw a decrease of 33.39 points or 0.65% to 5,117.09, while the Dow Jones Industrial Average ended the day lower by 190.89 points or 0.49% at 38,714.77.