Sensex Today | Stock Market LIVE Updates: The Indian markets are under pressure, with the Nifty index falling over 100 points, dropping towards 22,600. The Nifty Bank is down nearly 200 points. Trent, Wipro and Hindalco are amongst the biggest gainers.
The Nifty, which recovered over 500 points from the lows last Thursday, it will face a key challenge of reacting to macro developments, as well as some decent business updates from its lenders.
The Nifty Bank, which recovered nearly 1,600 points from the lows on Thursday, will be the index to watch, as nearly every single constituent has reported its business updates for the quarter, including HDFC Bank, Kotak Bank, Axis Bank and others.
For the Nifty, holding on to 22,700 – 22,800 is key for a move back to 23,000, while a gap down will mean 22,500 becomes the key level to watch. Apart from banks, watch for business update reactions from Bajaj Finance, Bajaj Housing, Dabur, Avenue Supermarts, M&M Finance, and many more.
Watch this space for all the LIVE Stock market updates.