Sensex, Nifty outlook with Kospi and Taiwan cues for Tuesday trading.
Context
What happened: Indian equities ended Monday lower, giving up intraday gains of 0.60% amid profit booking and crude oil volatility, ahead of inflation data.
Key numbers: Nifty 50 closed 0.70% lower at 22,363. Sensex settled at 71,924, down 0.76%. Nifty Midcap 100 rose 0.08%, Nifty Smallcap 100 surged 1.42%. Rupee strengthened to around 95.77 per dollar.
Why it matters: Analysts flagged weak sentiment. Rupak De of LKP Securities cited a dark cloud cover pattern and crude oil weighing on equities, with Nifty support at 22,300 and resistance at 22,420 and 22,650.
What changed
Indian equities ended Monday lower, giving up intraday gains of 0.60% amid profit booking and crude oil volatility, ahead of inflation data.
Why it matters
Analysts flagged weak sentiment. Rupak De of LKP Securities cited a dark cloud cover pattern and crude oil weighing on equities, with Nifty support at 22,300 and resistance at 22,420 and 22,650.