Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 trading nearly one per
cent lower on Monday, on the back of weak global cues. Sensex was trading below 59000 level, while NSE’s Nifty gave up the crucial 17400 level. Maruti
Suzuki, ICICI Bank, Power Grid Corporation of India, IndusInd Bank, Bharti Airtel were also top Sensex gainers. Asian Paints, Bajaj Finserv, Tech Mahindra,
Wipro, Infosys, Titan Company, HCL tech were top Sensex laggards. Bank Nifty plunged 200 points to trade at 37,380. Zomato share price tanked nearly 20 per cent on Monday.
Zomato, Paytm, Nykaa, PB Fintech shares tank as bears run riot on Dalal Street; should you buy?
Zomato, Paytm, Nykaa, Policybazaar, and other new-age internet companies were witnessing some strong selling pressure on Dalal Street
on Monday. Foreign investors pulling funds out, concern over faster than expected US Federal Reserve policy tightening, and a global sell-off in tech
stocks is aiding the worst rout seen by these new-age platform companies since those got listed in recent quarters. While Paytm’s stock price has
largely only seen bearish movement on Dalal Street, all others have had their fair share of bulls; but all witnessed heavy correction today.
As per the data, Since Jan 2000 the nifty close below Weekly S2 pivot levels only 97 times out of 1152 weeks. S2 levels are 16952. Nifty made low of 16997.85. Max OI till yesterday was at 17000 levels. Today it is added further so far.