News for Essar Securities Limited (ESSARSEC.BO)

Benchmark BSE Sensex retreated over 10% to 52,541 on June 15, 2022 from 58,569 on March 31, 2022. But some stocks continued to do well.

Domestic markets continued to be dominated by bears on Tuesday, extending their losses even though Wall Street equity indices staged a smart recovery on Monday.

Both benchmark indices rallied nearly 9 percent in 13 trading sessions (since the intraday low of December 20) to close at 60,223.15 and 17,925.25

Nifty futures were trading 51 points or 0.32 per cent down at 15,783.50 on Wednesday, suggesting a negative opening for BSE Sensex and Nifty 50

Trends on SGX Nifty indicate a negative opening for the index in India with a 40 points loss.

The Nifty is expected to revisit key overhead resistance of 15,900-15,915 levels of larger high low range in the next 1-2 sessions, said Nagaraj Shetti of HDFC Securities.

Experts expect the consolidation to continue in the coming week too, with the market keeping a watch on the new variant of Covid-19 and macroeconomic data along with monsoon progress. Stock specific action could continue with the beginning of the June quarter earnings season, they say.