The Indian market is likely to open lower today as the SGX Nifty fell 169 points to 15,684. In the June 28 session, the Sensex rose 16 points to 53,177 and Nifty gained 18 points to 15,850. M&M, Reliance Industries, Dr Reddy's and Tech Mahindra were the top Sensex gainers, rising to 2.78 per cent. Titan, Asian Paints and Bajaj Finserv were the top Sensex losers, falling up to 3.54 per cent.
The level of 15,800 has been a significant value area and could potentially cause a formation of long-range bear candle during its recent downside breakout June 16, because of the strong upside-down movement above the important area of 15750 - 15800 levels. Immediate resistance is placed at 15,950 levels. The Indian market is likely to open lower today as the SGX Nifty fell 169 points to 15,684. The opening of the Indian market is thought to be the first indication of the Singapore Stock Exchange.
Market on Tuesday 8: 15 am: