Sensex Today | Stock Market LIVE Updates: The markets are under immense pressure on expected lines. The Nifty is down over 200 points and is hoping to protect 23,000. The Nifty Bank is also under pressure and is down half a percent, falling to 54,200.
Sensex Today | Stock Market LIVE Updates: Dalal Street is in deep red, with the Nifty falling over 200 points, stumbling towards the 23,000 mark. The Sensex is also down, falling to the 73,500 mark with a major 750-point slump.
The Nifty is back at key support levels of 23,300, and last week’s low of 23,151 will be the most important to watch on the downside to prevent the index from collapsing down to levels of 22,800 – 22,700.
On the upside, 23,500 remains a hurdle. The Nifty Put-Call Ratio is at 0.83 and it is near levels of 0.65-0.6 when there is generally a bounce in the index.
The FII selling spree continues with another ₹8,776 crore sold on Friday in the cash market and another 925 short contracts added while 2,213 long contracts were cut, according to F&O data. Watch for stocks like HG Infra, Adani Group names, Hindustan Zinc, Zee Entertainment, and others.
Watch this space for all the LIVE Stock market updates.