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Sensex Today | Stock Market Live Updates: Today is also the weekly expiry of the Sensex contracts. The index closed just 40 points away from 24,000 and looks most likely to open above it as well. The other good part that the bulls would take heart from is that the index is building on to gains seen during CAS and is not adjusting for it the next day.
Sensex Today | Stock Market Live Updates: The biggest headwind for India's equity markets has eased sharply. Crude oil prices are down 8% overnight. And the Nifty 50 index, which has already gained more than 1,500 points over the last five sessions from the October 28 lows, looks set for more as well. Today is also the weekly expiry of the Sensex contracts.
The index closed just 40 points away from 24,000 and looks most likely to open above it as well. The other good part that the bulls would take heart from is that the index is building on to gains seen during CAS and is not adjusting for it the next day.
The recovery seen in the broader markets will also please them as while the index struggled for momentum for a better part of Wednesday, the midcaps and smallcap indices were at the day's high. For the Nifty, crossing 24,000 would mean opening the doors to 24,250 - 24,300 levels, while the supports could now shift higher to the 23,800 mark.
For the Nifty Bank, the 56,000 level holds key and crossing that could trigger a further upmove towards the 56,500 level on the upside, while 55,500 - 55,300 zone could act as a support cluster. Watch for oil sensitives, BSE, Lenskart, IT stocks, and plenty of other result reactions today.
Watch this space for all the Live stock market updates.
HomeMarket NewsSensex Today | Stock Market Live Updates: GIFT Nifty trades 300 pts higher; BSE in focus
