Share Market Update: Sensex\, Nifty likely to open lower amid weak Asian equities; SGX Nifty up 50 points

Share Market Update: Sensex, Nifty likely to open lower amid weak Asian equities; SGX Nifty up 50 points

Stock Market LIVE Updates on July 14: Experts said global market sentiments turned cautious amid mixed signals on growth and hopes on a possible vaccine and upcoming corporate earning performances this week

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 bearish note on Tuesday, amid weak Asian equities. SGX Nifty was falling 55 points lower at 10,752, indicating negative trend in domestic grounds today. Yesterday, Sensex ended 99 points higher at 36,693 and Nifty rose 47 points to 10,815.

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

8. 51 AM: Market  outlook

"We're seeing hesitation in the market at the higher levels despite upbeat global cues and it could be largely due to caution ahead of the earnings announcements. Besides, the continuous underperformance of the banking index, which holds significant weightage in the index, is also adding to the chaos," said Ajit Mishra, VP - Research, Religare Broking Ltd.

8. 45 AM: Rupee closing

On the currency front, Indian Rupee, the local currency ended flat at 75.19 as against the last closing price of Rs 75.20 per dollar.

8. 40 AM: Earnings Today

Wipro, Mindtree, Century Textiles, Delta Corp, Oberoi Realty, Reliance Industrial Infrastructure among others are scheduled to announce their April-June quarter earnings today.

8. 35 AM: Nifty outlook

Nifty has been consistently trading volatile in the last few sessions. As per technical indicators, as long as the crucial support of 10,660-10,560 remains intact, Nifty could first surpass the 10,850 mark and head towards 11,000-11,200, its resistance levels.

Geojit Financial in its report said Nifty's 10,880 the 200SMA, is still considered a surmountable resistance, bringing in 10,960, as an achievable objective, with the stops pulled up to 10,677.

8. 30 AM: Closing
After a volatile trading session, Sensex and Nifty ended on a bullish note on Monday, on back of heavy buying in IT, FMCG and metal stocks amid positive global cues. Reversing trend from Friday's losses, Sensex ended 99 points higher at 36,693 and Nifty rose 47 points to 10,815. On Friday, Sensex closed 143 points lower at 36,594 and Nifty fell 45 points to 10,768.