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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Swiggy rebounds 3.5% from lows to turn positive; Nifty below 26,100
Sensex Today | Stock Market LIVE Updates: The market are looking to undo the damage of the previous sessions, as the Nifty index trades with gains of about 50 points. Nifty is trading above 26,100. The Sensex index is also up over 100 points, rising to 83,400. Tech Mahindra, Infosys, Wipro and TCS are among the biggest gainers.
Sensex Today | Stock Market LIVE Updates: The Nifty index is trading with gains of around 50 points, as it tries to hold the early gains. The 50-stock index is now trading around the 26,100 mark.
However, global cues are supportive this morning after Friday's Wall Street rebound and futures trading with strong gains this morning as well.
Renowned hopes of a rate cut have rekindled bullish sentiments in the US markets. For today's session, the index will look to protect 26,000 on the downside in case of any potential dip, while Friday's high of 26,179 becomes the first level to watch on the upside, followed by Thursday's high of 26,246 and then, of course, the record high level of 26,277.35.
Rate cut hopes in the US will keep IT stocks in the spotlight again, particularly Midcap IT, while certain Pharma names will be in focus for USFDA observations. Also keep an eye on smaller private lenders, with a major investor acquiring stake in Karnataka Bank on Friday.
Watch this space for all the live updates.
