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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty opens near 23,700; Afcons Infra down over 7%
Sensex Today | Stock Market LIVE Updates: The India VIX remains near 20 and analysts see this as a worry. For the Nifty, 23,250 - 23,350 remains a support zone, while 23,700 - 23,800 needs to be crossed on the upside for a move back towards 24,000. HDFC Bank led the Nifty Bank recovery on Friday and the bulls would hope that continues as well.
Sensex Today | Stock Market LIVE Updates: The Nifty bulls enter the weekly options expiry session today on one hope; that the 350 point recovery seen on Monday from the lows of the day is not a trap. Crude oil prices are marginally lower this morning, although they still continue to remain above $105 a barrel. Moves on the currency will have to be monitored as well.
It was this currency weakness that spurred IT stocks on Monday and triggered a market recovery before other index heavyweights stepped up. It remains to be seen whether IT continues to piggyback on this currency weakness and lends support to the market.
The India VIX remains near 20 and analysts see this as a worry. For the Nifty, 23,250 - 23,350 remains a support zone, while 23,700 - 23,800 needs to be crossed on the upside for a move back towards 24,000. HDFC Bank led the Nifty Bank recovery on Friday and the bulls would hope that continues as well.
The 53,000 level on the downside is key, while 54,000 on the upside is the level to watch. Keep an eye on Adani Group stocks today, along with names like IOC, IGL, Afcons, BEL, BPCL, Zee Entertainment and others.
Watch this space for all the LIVE stock market updates.
