Share Market LIVE Today: On June 27, the domestic benchmark indices experienced a solid opening day of trading thanks to widespread buying. The S&P BSE Sensex was up 222 points, or 0.35 percent, at 63,191.63 levels at the time this story was being written, while the NSE’s Nifty was reigning at 18,757.95, up 67 points, or 0.36 percent.
“Local markets may post gains in early transactions on Tuesday amid mixed Asian market trends, taking bullish cues from SGX Nifty. Any intraday strength over the past few days has been driven by a select few companies operating in a constrained range of industries. If Nifty Bulls are unable to take control, there is a good likelihood that Dalal Street would see some level of panic. Any upward trend could be halted in the near future due to the resurgence of recession worries, Powell’s unexpected hawkishness, the Russian coup, mounting concerns about Chinese GDP, and a postponed monsoon. According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., “on the global front, all eyes will be on the Bank Stress Test result that the Federal Reserve will issue on Wednesday, which could reflect the degree of tightening in financial conditions after the US banking crisis.