Share Market Highlights: Sensex\, Nifty likely to open muted amid mixed global cues; SGX Nifty down 28 points

Share Market Highlights: Sensex, Nifty likely to open muted amid mixed global cues; SGX Nifty down 28 points

Stock Market LIVE Updates on July 7: Yesterday, Sensex closed 466 points higher at 36,487, Nifty50 surged 156 points to close at 10,764

Here's a look at the updates of the market action on BSE and NSE today

Sensex, Nifty Updates: Sensex and Nifty are likely to open on a muted note on Tuesday, amid mixed global equities. Global equities were trading mixed today. While Asian indices started the day's trade in red, European stocks and Wall Street closed in green. SGX Nifty was rising 30 points lower at 10,737, indicating muted trend in domestic grounds today. Yesterday, Sensex closed 466 points higher at 36,487, Nifty50 surged 156 points to close at 10,764.

Here's a look at the updates of the market action on BSE and NSE today

9.03 AM: Nifty outlook

Expressing views on Nifty's technical indicators, Ajit Mishra, VP - Research, Religare Broking said," If we look at the index, Nifty has now approached the resistance zone of 10800-11000 which coincides with the '200 SMA' on the daily chart. However, so far, there are no signs of reversal and hence, one should avoid taking any contra bet. With today's gap, 10700-10630 will now be seen as the immediate support for the index. The Nifty Midcap50 index has surpassed its swing high and its '200 SMA' indicating that stocks from the midcap space could continue to provide good opportunities for momentum traders."

8. 52 AM: Upcoming Q1 earnings

On the earnings front, IT major TCS will kick off Q1 earnings season with its Q1 results on July 9, which will decide the direction of market. In terms of Q4 results, Suzlon, NBCC, IFB Industries among others will report their earnings today

8. 44 AM:Rupee Closing

On the currency front, Indian rupee, closed lower at 74.67 per US dollar against Friday's close of 74.63 per US dollar.

8. 36 AM: India-China border row

With reports of Chinese troops pulling back at Galwan Valley by as much as 1 km today, the indices are expected to react positively in intraday trade tomorrow.

Ahead of share market: 5 things to know before opening bell on Tuesday

8.30 AM: Closing

Surging for the fourth day in a row, both benchmark equity indices - Sensex and Nifty - closed at the highest levels since March 6 on Monday. Tracking gains from index heavyweight dstocks from IT and auto sector, Sensex climbed 465 points higher to 36,487 and Nifty rose 156 points to 10,763.

Sensex rises 465 points, Nifty ends at 10,763; HDFC Bank, IndusInd Bank, Bajaj Finance top gainers