Stock Market
Markets remain volatile amid West Asia tensions, rising crude
Mumbai/IBNS: The Indian stock market remained volatile on Monday as the ongoing tensions in West Asia and rising crude oil prices sent mixed signals, media reports said.
The BSE Sensex opened on a positive note but soon pared early gains to trade 60 points lower.
Meanwhile, the NSE Nifty 50 also witnessed volatility despite initial gains in the morning session.
Early momentum was largely driven by banking heavyweights such as HDFC Bank and ICICI Bank.
Sectors like auto, FMCG, and midcaps offered marginal support to the market.
In early trade, shares of Jio Financial Services declined 3 percent, tracking a 14 percent year-on-year drop in its Q4 profit.
Market expert Anil Singhvi told Zee Business that he expects support for the Nifty 50 index at 24,200–24,300 levels, with a strong buy zone at 24,000–24,150 levels.
Singhvi also projected support for the Nifty Bank index at 56,100–56,300 levels and identified 55,600–55,850 as a strong buying range.
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