Share Market Live: Sensex slips over 150 pts, Nifty below 15,300; Wipro, TCS top losers

The Indian market is likely to open higher today as SGX Nifty rose 30 points to 15,340. The market ended lower on Thursday amid weak global cues. Sensex tanked 1,045 points to 51,495 and Nifty ended 331 points lower at 15,360.

Market fell for the fourth consecutive session ahead of Federal Reserve's policy announcement on Wednesday. Sensex fell 152 points to 52,541 and Nifty closed 40 points lower at 15,692.

Here's a look at live market updates today.

9:17 am: Market opens lower

Sensex falls 171 points to 51,495 and Nifty loses 117 points to 15,260.

8:40 am: Pre-opening comments

Prashanth Tapse, Vice President (Research), Mehta Equities

"After yesterday's drubbing, markets may exhibit caution in early trades with the undertone continuing to remain bearish following overnight slump in US markets. Investors remain concerned that central banks' commitment to bringing inflation down will seriously damage a fragile economic recovery. Further, crude oil prices are at $115 a barrel which is way above the assumption of $105 a barrel made by the RBI for its full-year inflation projections. The net outflow by FIIs from equities has reached Rs 1.81 lakh crore so far in 2022, while in the June month so far, FIIs have net sold Rs 34,270 crore, which is creating uncertainty among the investors."

8:35 am: Expert take

Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One

"Going forward, our market is likely to remain volatile in the near term and is expected to mirror the moves from the global peers. Looking at the recent fall, it is advised to avoid undue risk and stay light on positions. Also, one needs to keep a close tab on the geopolitical developments and avoid aggressive bets till the volatility looms over."

8:20 am: SGX Nifty

The Indian market is likely to open higher today as SGX Nifty rose 30 points to 15,340. The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.

8:20 am: Expert take

Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

"The strategy should be to short trade if Nifty bounces to given levels and place a stop loss at 15800 or buy Nifty if it drops to 15,100-15,000 with a stop loss at 14,950."

8:15 am: Market on  Thursday

The Indian market ended lower in the previous session as global markets turned volatile post a brief rally on the Federal Reserve rate hike. Sensex fell 1,045 points to 51,495 and Nifty ended 331 points lower at 15,360. The crash in the benchmark indices came after a rally in the morning session following a surge in global peers.  

Tata Steel, Tech Mahindra and Bharti Airtel were the top Sensex losers falling up to 6.04 per cent. Nestle was the sole Sensex gainer, rising up to 0.30 per cent.  BSE midcap and small-cap, indices slipped 513 points and 718 points, respectively.