Live: Will Nifty Defend 22,000 Amid Poll Jitters? Tata Motors And Zomato In Focus | Opening Bell

Indian equity market managed to close above the crucial 22,000 mark on Friday but for the week we saw a 2% cut on benchmark indices. Experts feel that as long as the Nifty holds 21,900 the consolidation will continue and the index may face resistance at 22,200-22,300 levels, but the breaking of 21,900 can drag it towards 21,775, the low of April month. On May 10, the BSE Sensex climbed 260 points to 72,665, while the Nifty 50 rose 98 points to 22,055. Meanwhile, the elevated volatility also seems to be keeping the bears in action against bulls. India VIX, the fear gauge, rallied 81 percent in the past 12 consecutive sessions, to 18.47 levels, the highest closing level since October 13. This morning the GIFT Nifty indicates a negative start for the Indian market. Among stocks in news watch out for Tata Motors, Eicher Motors, Zomato, Varun Beverages among others. Indegene will make its stock market debut. Catch Nandita Khemka decode the cues for trade with Prashant Sawant-Founder Catalyst Wealth and Sunil Subramaniam, MD & CEO, Sundaram Mutual.
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