Sensex Today | Stock Market LIVE Updates: Nifty may open below 26,800; Goldman Sachs raises TP for Nestle

Sensex Today | Stock Market LIVE Updates: The market continues to remain very volatile. The Nifty ended lower on Tuesday as well, taking the two-day fall so far to nearly 350 points. However, it managed a 110-point recovery from the low of 25,728. Experts believe that 25,800 will be a key support for the index. The key talking point though was the recovery in the broader markets.

Both the Midcap and Smallcap indices outperformed with beaten down names like Kaynes Tech, PG Electroplast, and PSU Banks staging a comeback. However, the worry on the street is whether this is just a dead-cat bounce lacking any major conviction. All eyes tonight will be on the US Fed rate decision, which has also kept Wall Street on the edge overnight.

Two IPOs close for subscription today, two open for subscription, while the street also braces for three new listings, including that of Meesho. The Adani Enterprises rights issue closes for subscription today, while Swiggy has launched a QIP to raise up to ₹10,000 crore. Tuesday’s low holds the key for the Nifty, while 25,900 – 26,000 zone could be a hurdle for the index.

Watch this space for all the Live updates.