Sensex Today | Stock Market LIVE Updates: For the Nifty, which traded in a 100-point range on Monday, the 24,000 level remains the key and a crucial psychological support at 23,900 – 23,800 zone. The Nifty Bank briefly crossed 58,000 on Monday but could not hold on, even though it remains close to those levels.
Sensex Today | Stock Market LIVE Updates: The Nifty bulls enter yet another weekly expiry session with cautious optimism but with a hope of breaking out on the higher side and moving towards the 24,500 levels. With oil prices nearly back to pre-war levels, the one major headwind that bothered Indian equities has passed, at least for now.
However, there are two others that could spoil the party. One is the lack of progress on the Monsoon front, and two, is the stronger US Dollar, which is generally negative for Metals.
For the Nifty, which traded in a 100-point range on Monday, the 24,000 level remains the key and a crucial psychological support at 23,900 – 23,800 zone. The Nifty Bank briefly crossed 58,000 on Monday but could not hold on, even though it remains close to those levels.
With the quarter coming to an end next week, there is a major rush for QIPs, block deals, and OFS’ on the street. Keep an eye on names like BEL, Apar Industries, JSW Infra, Craftsman Automation and more.
Watch this space for all the LIVE stock market updates.