Stock Market
Stock market off to a quiet start! Pharma stocks race ahead while auto sector stalls
Mumbai/IBNS: The Indian stock market opened flat on Tuesday with BSE Sensex opening 0.69 points higher and NSE Nifty50 moving 14 points upward, media reports said.
The BSE Sensex opened at 84,047 while NSE Nifty50 opened at 25,777.
In sectoral indices, pharma stocks surged by 0.11% while auto stocks lagged behind by 0.46%.
Meanwhile, India's largest stock broker Groww IPO opened for subscription on Tuesday while on the same day, Lenskart Solutions' public issue will close.
Market guru Anil Singhvi expects Nifty50 index will get a strong support at 25,635-25,725 levels and a strong buy zone at 25,475-25,600 levels on Tuesday, Zee Business reported.
Singhvi said Nifty Bank will have a support emerging at 57,725-57,875 levels and a strong buy zone at 57,450-57,650 levels.
On Monday, Vodafone India's shares surged after it was granted relief by the Supreme Court on all its dues.
The Supreme Court said the Centre is free to give relief to the firm on both additional AGR dues as well as all pending dues.
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