Sensex Today | Stock Market LIVE Updates: The Nifty continues to find hurdles at the 24,000 mark, even as it gained for the third day running, extending its gains from last week’s lows past 800 points. In the absence of banks, who took a breather on Tuesday.
Sensex Today | Stock Market LIVE Updates: Wednesday’s, the day between two weekly expiries are the trending days in the market based on recent history, and the Nifty bulls would hope that the trend is now decisively towards the upside. With oil prices nearly back to pre-war levels, the one macro headwind that the markets had is slowly falling back into place.
The Nifty continues to find hurdles at the 24,000 mark, even as it gained for the third day running, extending its gains from last week’s lows past 800 points. In the absence of banks, who took a breather on Tuesday, Reliance Industries and IT stocks, both beaten down names, put their hand up, aiding the Nifty gains, and the bulls would hope that RIL continues to outperform ahead of its AGM.
The supply of paper continues as well with another block deal in DOMS Industries. For the Nifty Bank, the 57,000 – 58,000 range remains. Keep an eye on the oil sensitives, Brigade Enterprises, Vishal Mega Mart, GIC, Nephrocare Health, and on BSE ahead of the NSE DRHP filing.
Watch this space for all the LIVE stock market updates.