September 20, 2023 / 11:45 AM IST

Sensex Today | Parth Nyati, Founder at Tradingo

Today, each Nifty and Sensex skilled revenue reserving, largely attributed to a pointy sell-off in HDFC Bank following its analyst assembly. During the assembly, issues have been raised about potential margin stress and the asset high quality post-merger of HDFC twins. Additionally, international markets exhibited warning in anticipation of the upcoming FOMC assembly. Factors akin to growing US bond yields, rupee weak point, a surge in crude oil costs, and promoting by international institutional traders (FIIs) additional contributed to the challenges confronted by our markets.

From a technical perspective, Nifty and Sensex have identifiable rapid assist ranges at 19,900 and 66,900, respectively. If these ranges are breached, we could witness further revenue reserving, probably main in the direction of 19,640 for Nifty and 66,000 for Sensex.