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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty gives up opening gains; Trent extends fall to 9%
Sensex Today | Stock Market LIVE Updates: After a four straight sessions of gains, the market is trading on a cautious note. The Nifty is reaching for 24,500. The Nifty Bank is in a slightly better position, rising over 200 points, jumping to 58,500. Trent, L&T and Bharat Electronics are the biggest losers today.
Sensex Today | Stock Market LIVE Updates: The Nifty 50 index is up 570 points during this four-day winning streak. That will be put to test today as it is the weekly expiry session of the Nifty contracts. Besides the expiry, updates for the first quarter continue to trickle in, resulting in stock reactions.
The Nifty has closed above 24,000 in all four sessions of this winning streak, making it a firm base for the bulls.
The index is now 50 points away from the May 7 high of 24,482, which will be the first level to track, followed by 24,500. After a two-day break, the Nifty Bank resumed its upmove, but 58,500 remains a barrier. The index remains in the broad 57,500 - 58,500 range.
The stock to watch though, will be HDFC Bank, as shares of India's largest private lender have recovered nearly all the losses made since former Chairman Atanu Chakraborty's exit.
Also monitor the real estate index, which has risen 12% since June 23. IT will remain in the spotlight ahead of TCS results on Thursday. Watch out for names like Titan, Trent, Jubilant Foodworks, Cochin Shipyard, and other stocks.
Watch this space for all the LIVE stock market updates.
