Sensex Opens Over 100 Pts Lower, Nifty Around 10,350 | Today Stock Market News Outlook 22 FEB 2018.

OPENING BELLS

NIFTY ( 22th feb 2018) Trend : down Preopening Price : 10360.55 Gap down : -33.55 (0.33%) Support : 10152-10248 Resistance : 10632-10540

SENSEX (22th feb 2018) Trend : down Preopening Price : 33840.50 Gap down : -2.50 (0.1%) Support : 33642 -33312 Resistance: 34053 - 34388 

BANK NIFTY ( 22th feb 2018) Trend : down Preopening Price: 24812.25 Gap down : -124 (0.50%) Support : 24612-24422 Resistance :25042-25312

STOCK MARKET OUTLOOK

Benchmark indices began the day on a negative note, with the Sensex cracking over 100 points. The Nifty was trading below 10,350-mark.

The Sensex is currently down 117.85 points or 0.35% at 33727.01, and the Nifty is down 52.95 points or 0.51% at 10344.50. The market breadth favours the decline as 192 shares advanced, against a decline of 329 shares , while 91 shares are unchanged.

All sectoral indices are trading in the red, while midcaps are also trading weak. Nifty PSU bank index is down over 1 percent.

Wipro, Bajaj Auto and Kotak Mahindra Bank are the top gainers, while ONGC, BPCL, Aurobindo Pharma and SBI have lost the most.

The Indian rupee declined in the early trade on Thursday. It has opened lower by 29 paise at 65.05 per dollar versus 64.76 Wednesday.

Mohan Shenoi of Kotak Mahindra Bank said, "US FOMC minutes caused market volatility with US treasury yields touching a new high, US stock markets reversing early gains and dollar strengthening further."

"Recent negative developments in Indian banking sector has put pressure on the rupee. The USD-INR is expected to trade in a range of 64.75-65.05 for the day."