Sensex, Nifty, Share Prices Live: After starting the day with gains, Indian equities are now in negative territory, with IT stocks leading the decline by falling over 1% during midday trading. The NSE Nifty 50 index is down by 0.15% at 21,895.50 points, while the S&P BSE Sensex is showing a slight increase of 0.21% at 72,031.91, as of 12:10 p.m. TRF surged 19.99% after announcing the withdrawal of accommodation with Tata Steel citing improved business performance and stakeholder value enhancement. Analysts await the RBI monetary policy outcome, expecting status quo, and closely monitor the meeting’s tone. Ajit Mishra from Religare Broking Ltd observed rotational buying across key sectors, except banking, maintaining a positive market sentiment. Positive global cues, with most Asia-Pacific equities rising, contribute to the optimism. Technical analysis indicates a bullish trend for Nifty, potentially reaching an all-time high soon, with support at 21,700 and resistance at 20,200 and 20,500, signalling a favourable outlook for further upward movement.
