The Nifty 50 index, a crucial indicator of the Indian stock market, is currently experiencing fluctuations as it trades live on October 10, 2024. As investors monitor its performance, it’s essential to stay updated with real-time insights, including stock prices, sector performance, and support-resistance levels. In this article, we will delve into the latest updates regarding Nifty 50, providing a comprehensive overview of its market behavior and key sectors influencing its trajectory.
Nifty 50 Live Stock Price Updates
As of 09:35 AM IST on October 10, 2024, the Nifty 50 index is trading at 25,055, reflecting a modest increase of 0.29%. Throughout the morning session, the index has fluctuated within a range of 25,083.5 to 25,048.1. Such movements underline the dynamism of the market as traders react to various factors influencing stock performances.
Top Performing Sectors
At this moment, a few sectors are showing remarkable performance. The top three gainers among the Sectoral Indices are:
- NIFTY PSE: 1.08%
- NIFTY Oil & Gas: 0.75%
- NIFTY Realty: 0.74%
Low Performing Sectors
Conversely, certain sectors are facing downward pressure, with the following indices currently underperforming:
- NIFTY Healthcare: -0.1%
- NIFTY IT: -0.1%
- NIFTY Pharma: 0.02%
Nifty 50 Opening Insights
Opening at 25,067.05, the Nifty 50 has surged by 85.1 points compared to the previous closing. This opening price marks a significant entry point for traders as they gauge the market’s reaction to the latest economic indicators and news.
Resistance and Support Levels
Understanding resistance and support levels is crucial for traders navigating the stock market. Currently, the Nifty 50 faces the following critical levels:
| R1 | 25,182.24 | R2 | 25,351.32 | R3 | 25,468.59 |
|---|---|---|---|---|---|
| S1 | 24,895.89 | S2 | 24,778.62 | S3 | 24,609.54 |
Previous Trading Day Recap
In the preceding trading day, the Nifty 50 closed at 25,013.15, a reflection of the overall market sentiment and trading dynamics. This closing price acts as a foundational reference point for traders as they anticipate potential market movements and strategize their trading decisions for the day.
Staying informed about the Nifty 50’s performance and understanding the underlying factors affecting its movement is key for any investor navigating the Indian stock market. Keep watching for continuous updates as the trading day unfolds.
