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Sensex Edges Lower, Nifty Holds 10,550

ICICI Bank, Infosys, Tech Mahindra, Bharti Airtel and Hero MotoCorp were among the top laggards on Nifty.

Sensex and Nifty edged lower today amid weak Asian markets. The Sensex was down nearly 50 points at 34,368 while Nifty was off 5 points at 10,559.

Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on US bond yields as they approach peaks that have triggered market spasms in the past.

Global markets, crude oil prices and the ongoing quarterly results season are expected to guide the domestic markets this week, say analysts.

“Global tailwinds would keep the markets range-bound,, especially the crude oil prices,” said Devendra Nevgi, Founder and Principal Partner, Delta Global Partners. Global oil prices were today slightly lower but not far from their highest since late 2014.

The market had wobbled on Friday when Trump tweeted criticism of OPEC’s role in pushing up global prices, but quickly steadied.

Brent crude oil futures were off 9 cents at $73.97 per barrel, while U.S. crude eased 19 cents to $68.21.

Companies like Bharti Infratel, Reliance Infrastructure, Bharti Airtel, Jindal Stainless, UltraTech Cement, Wipro, Axis Bank, Biocon, Rallis India, Yes Bank and Maruti Suzuki India are expected to announce their fourth quarter (Q4) earning results this week.

“Stock-specific action will continue to impact sentiment,” said DK Aggarwal, chairman and managing director of SMC Investments & Advisors. “Nifty is expected that the Nifty will move in the range of 10,400-10,650 points level.”

On the higher side, Nifty faces resistance at 10,632, said Deepak Jasani, Head of Retail Research for HDFC Securities. Nifty has support at 10,400, he added.

Last week, forecast of normal monsoon rains, along with healthy earnings in the IT sector, had lifted the Indian equity markets.

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Sensex Edges Lower, Nifty Holds 10,550
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Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
Assembly Segment
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Which party will emerge as the single largest party?
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ओपिनियन पोल
छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
विधानसभा क्षेत्र
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विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को कितनी सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
क्या आप अपने क्षेत्र की सरकारी सुविधाओं सेसंतुष्ट हैं?
क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-

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