Sensex trims losses but still in red, Nifty above 15,550; bank stocks among top drags

            Share Market News Today | Sensex, Nifty, Share Prices LIVE:  Domestic equity markets opened in the red, mirroring the global rou...

 

        Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened in the red, mirroring the global rout in equities after US Fed, last week, signalled a rate hike faster than most expected. S&P BSE Sensex opened 500 points lower but soon recouped some losses but was still in the red. Nifty 50 neared 15,500 but bounced back up from the lows. M&M, ICICI Bank, Ultatech Cement, State Bank of India, and IndusInd Bank were some of the worst-performing Sensex constituents. NTPC, HUL, Asian Paints, and Sun Pharma were the top performers. Bank Nifty was down 1.7%. The volatility index, zoomed 9.22% to sit at 16.16 on Monday morning. 

Nifty support at 15,450

"Nifty finds support around 15,450 while 15,850 will act as resistance on the upside. Bank Nifty finds support around 34,250 while 35,000 will act as resistance," said IIFL Securities. 

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