Sensex Today | Stock Market LIVE Updates: After holding onto gains, the markets are now off the highs of the day, turning red. It is past noon at Dalal Street, and even in the second half of the day’s trade, the indices move higher. After four straight sessions of gains, the market is trading on a cautious note. The Nifty is reaching for 24,600 with gains of 100 points. The Nifty Bank is in a slightly better position, rising over 200 points, jumping to 58,500. Trent, L&T and Bharat Electronics are the biggest losers today.
The Nifty is inching towards the 24,500 mark and is slightly volatile. The Sensex is also moving on a similar terrain, moving around 78,600, with minor gains.
The Nifty 50 index is up 570 points during this four-day winning streak. That will be put to the test today as it is the weekly expiry session of the Nifty contracts.
The Nifty has closed above 24,000 in all four sessions of this winning streak, making it a firm base for the bulls.
The index is now 50 points away from the May 7 high of 24,482, which will be the first level to track, followed by 24,500. After a two-day break, the Nifty Bank resumed its upmove, but 58,500 remains a barrier. The index remains in the broad 57,500 – 58,500 range.
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