30-09-2024 11:32 AM | Source: PR Agency
Mid- Session Update by Stoxkart - a discount broker
Below the Quote on Mid- Session Update by Stoxkart - a discount broker
Indian benchmark indices, i;e Sensex and Nifty50 started the week on a negative note and faced downward pressure, amidst mixed cues from global markets. This decline was largely attributed to significant sell-offs in major heavyweight stocks, including Reliance Industries, Infosys, TCS, and ICICI Bank, which collectively influenced the market's negative sentiment. The India VIX, a gauge of market volatility, increased by 6%, signalling heightened uncertainty among investors. Overall, the Sensex opened significantly lower, down 400 points, while the Nifty fell below the 26,000 mark, reflecting cautious investor sentiment in the current market landscape. Derivative data suggests hefty option writing by call writers at 26000, 26100 & 26200 strikes which indicates that bears are actively pressurising the markets overall. We expect markets to remain under pressure in the second half of the day as well.
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