Stock Market LIVE Updates: It is second half of the day’s trade, and the markets have undone the opening losses, and are now back in the green. The Nifty is up over 100 points, rising above 23,100. Tech Mahindra, Infosys and TCS are the biggest gainers.
23,000 remains key for the Nifty while the bulls would hope that the support now shifts higher to the 22,750 – 22,700 zone.
The Nifty Bank however is under pressure, along with the Nifty Midcap 100, that are moving in he red, with losses of over 100 points.
IT continues to remain in focus as the sell-off eased on Wall Street but the US-listed shares of Wipro and Infosys gained between 4% to 5% after the former’s results.
The Nifty Bank closed above a key level and would now aim to cross and sustain above the 56,000 mark. Also watch for capital market names like BSE, NSE, Angel One and others after the SEBI CAS norms released last night. Also in focus would be Jio Financial, Tech Mahindra, Urban Company and others.
Watch this space for all the LIVE stock market updates.