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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty upmove hinges on TCS, IT reaction to results after mid-week rout
Sensex Today | Stock Market LIVE Updates: For the Nifty 50 index 23,800 remains a key support on the downside. A lot will depend on TCS reacts to its results which were in-line with subdued expectations. TCS' results will also impact the rest of the IT stocks.
Sensex Today | Stock Market LIVE Updates: The Nifty enters the final trading day of the week on the back of an unconvincing bounce from lower levels, which saw the index struggle for support above the 24,100 mark.
Having cooled over 170 points from the day's high, the Nifty is still below the 24,000 mark which remains an important level to close above for the bulls on a weekly basis. 23,800 remains a key support on the downside. A lot will depend on TCS reacts to its results which were in-line with subdued expectations. TCS' results will also impact the rest of the IT stocks.
The US-listed ADRs of Infosys were up 2%, while those of Wipro gained 1%. The Nifty Bank managed to reclaim the 57,000 mark, although the 57,500 level is the first barrier to cross for the index to return to the 58,000 level.
To close the week on a high, the Nifty needs to end above 24,270, while the Nifty Bank needs a close above 57,938. Besides IT, keep an eye on newsflow driven names, Dixon, Apollo Micro, Premier Explosives, L&T Finance, Indian Bank and others.
Watch this space for all the LIVE stock market updates.
