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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty bulls aim to capitalize on oil price drop, extend gains
Sensex Today | Stock Market LIVE Updates: The Nifty Bank closing above its 20-DMA is a positive and the 55,000 level, which was a barrier till now, could now act as a support after Wednesday's breakout. Earnings reactions continue swiftly with Bajaj Auto reacting to results and the buyback announcement. Platform companies Paytm, Meesho, PB Fintech all react to results, along with GCPL, Bluestar, Sula Vineyards, and others.
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Sensex Today | Stock Market LIVE Updates: The Nifty is now at the upper end of the ongoing trading range of 23,800 to 24,300. The fact that it closed above the 24,300 mark on Wednesday would please the bulls, who would now look to take the index towards its next hurdle zone of 24,500. Experts believe that a decisive move above 24,500 could even take the index towards the 24,800 mark. Today is also the Sensex weekly expiry.
Any further fall in oil prices, and a subsequent impact on the currency and bond markets would continue to soothe frayed and uncertain sentiments. The Nifty Bank closing above its 20-DMA is also a positive and the 55,000 level, which was a barrier till now, could now act as a support after Wednesday's breakout.
Earnings reactions continue swiftly with Bajaj Auto reacting to results and the buyback announcement. Platform companies Paytm, Meesho, PB Fintech all react to results, along with GCPL, Bluestar, Sula Vineyards, and others. While no Nifty names report today, major broader market names like Pidilite, Biocon, Bharat Forge, Dabur, Escorts Kubota, MRF, Sonata Software, Thermax report numbers today.
Watch this space for all the LIVE stock market updates.
