Domestic equity markets opened on a positive note on Tuesday after correcting 3 per cent on Monday. Benchmarks Nifty50 and the S&P BSE Sensex opened at 16,933.25 and 56,731.56 respectively.  

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ONGC, Coal India, Wipro, TCS, Bajaj Finserv, Tech Mahindra, Bharti Airtel and HDFC Ltd were among top gainers on Tuesday.  

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Cipla, Eicher Motors, ICICI Bank, Hero MotoCorp, Tata Consumer and Power grid were among losers.  

After massive drubbing on Monday on back of rising geo-political tension, earlier SGX Nifty too has hinted at a positive opening for the Indian markets as the Futures index was trading higher by 101.50 points or 0.60% to 16,940.50 on the Singaporean Exchange at around 9 am on Tuesday.  

In the pre-open, the Sensex started 325.72 or 0.58% higher to 56,731.56 as 26 stocks advanced and four declined on Monday.  

Here is what experts say about domestic stock market 

"It is possible for the Nifty to fall up to 15,800 level"

"After rising from 7,500 to over 18,000, the Nifty has been consolidating since mid-October 2021. Looking at the fall of the last 30 days, it seems like the Nifty could further correct from present levels. Historically, it has been observed that February tends to be volatile, especially post Budget. It is possible for the Nifty to fall up to 15,800 level. However, the long-term structure of the Indian stock market is intact. We remain bullish in 2022 and beyond. Focus on adding quality stocks in the current fall," Amar Ambani, Senior President and Head – Institutional Equities, YES SECURITIES 

"If there is diplomatic solution to Ukraine issue, market will stage a smart rebound"

"Markets - stocks, bonds, crude, gold - have turned highly volatile on fears arising from the Russia-Ukraine tensions. The Indian stock market, being expensively valued, corrected  the most among emerging markets with Sensex declining 3% yesterday.  We do not know how the Ukraine issue develops. If there is a diplomatic solution, the market will stage a smart rebound. If Russia moves into Ukraine, the Western powers led by the US will impose " swift and aggressive" sanctions on Russia which can hugely impact the Russian economy. The consequent higher crude and gas prices will have adverse implications for the Indian economy," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.  

Vijayakumar is of teh view that relentless FII  selling and market correction has made the valuations of financials attractive. "This provides an opportunity to long-term investors who can ignore the short-term gyrations in the market," he adds.

"Crucial support for Nifty 50 is 16,800" 

"Benchmark Indices are expected to open on a positive note as trends on SGX nifty indicates a  gap up opening with 102 points gain. Asian benchmarks dropped on Tuesday as investors contemplated the implications of an imminent Russian invasion on Ukraine. The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as US plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. CPI inflation jumps to 6.01% in January 2022, highest in seven months. Also, Oil hits 7-year highs as market fears Russian attack on Ukraine imminent. Deputy Governor said that banning cryptocurrency the most advisable choice open to India. Crucial support for Nifty 50 is 16,800 while Nifty may face some resistance at 17,300," said Mohit Nigam, Head - PMS, Hem Securities.