Stock Market Live: GIFT Nifty Near 24,200; Hindustan Zinc, Varun Beverages, NHPC Share Prices In Focus

The NSE Nifty 50 and BSE Sensex declined shortly after a muted open tracking losses in shares of HDFC Bank Ltd. and Infosys Ltd. As of 9:16 a.

m., the Nifty 50 was trading 39.05 points or 0.



16% down at 24,149.60, and the Sensex was 112.02 points or 0.

14% down at 79,831.69. "On the downside, the 24,000 level remains a crucial support zone; a breach of this level could trigger extended selling towards the 23,800–23,600 range.

Conversely, on the upside, immediate resistance is observed at 24,300, with the 24,500 level acting as a significant hurdle. Given the current market setup, traders are advised to start buying on dips as long as the index holds above 24,000, with 23,800 as a stop-loss on a closing basis to manage risks effectively," said Hardik Matalia, a derivative analyst at Choice Broking. At pre-open, the NSE Nifty 50 was trading 7.

75 points or 0.03% higher at 24,196.40.

The BSE Sensex was 129.28 points or 0.16% higher at 80,072.

99. The yield on the 10-year bond opened flat at 6.80%.

It closed at 6.79% on Thursday, according to data on Bloomberg. Rupee weakened by 5 paise to open at 85.

80 against the US Dollar. It closed at 85.75 on Thursday, according to data on Bloomberg.

Oil future prices were hovering around two-month high in Asia session Friday as supply outlook worries rise on diminishing US stock piles. As of 8:30 a.m.

, the February future contract was trading 0.43% higher at $76.06 a barrel as of 8:41 a.

m..