Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a strong opening for the new trading week, pointing to a gain of nearly 300 points for the Nifty.<\/p>\n
Sensex Today | Stock Market LIVE Updates: The Nifty 50 index, after breaking a six-week losing streak, heads into a new week after the long weekend on the back of a slew of announcements that have taken place in the last three days.<\/p>\n
First, the ratings upgrade, which may have come during market hours on Thursday, but other global uncertainties may have kept a lid on the market reaction. With no clarity yet on what happens to Russia and Ukraine with the US, uncertainty persists over whether the additional 25% tariffs on India will come into effect from August 27 or not.<\/p>\n
The second major announcement was from Prime Minister Narendra Modi’s Independence Day Address, promising “generational” GST reforms before Diwali, and that could keep most of the GST-linked stocks from Autos to FMCG in focus today. Higher levels, though, continue to remain a challenge, with last week’s high of 24,702 continuing to remain a barrier, and that will be the first level to cross before the Nifty moves towards its 20-DMA.<\/p>\n
On the flip side, the 24,500-24,550 levels have emerged as a strong support as of last week. We’ll watch for some final earnings reactions from Inox Wind<\/a>, Vodafone Idea<\/a>, Zaggle Prepaid<\/a> and Hindustan Copper<\/a>. KEC International<\/a> has won orders, while JK Cement<\/a> has approved expansion plans.<\/p>\n Watch this space for all the live updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a strong opening for the new trading week,…\n","protected":false},"author":2,"featured_media":51984,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,56349,58846,58845,58847,58849,58848,171,1487,3836,58839,58840,58843,3838,3839,4232,58838,58841,1611,18964,58842,58844],"class_list":["post-76524","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-gst-reforms","tag-hindustan-copper-share-price","tag-india-rating-upgrade","tag-inox-wind-share-price","tag-jk-cement-share-price","tag-kec-international-share-price","tag-markets","tag-nifty","tag-nifty-50","tag-nifty-auto","tag-nifty-fmcg","tag-nifty-metal","tag-nifty-midcap-100","tag-nifty-smallcap-100","tag-nifty-today","tag-pm-narendra-modi","tag-safeguard-duty-on-steel","tag-sensex","tag-sensex-nifty-today","tag-steel-stocks","tag-vodafone-idea-share-price"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/76524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=76524"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/76524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/51984"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=76524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=76524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=76524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}