Sensex Today | Stock Market LIVE Updates: We have now entered the second half of the day’s trade. The markets are on a volatile path, as indices look to recover from the lows after the market slumped to the lows of the day. The Nifty is up nearly 50 points, rising towards 23,800. The Nifty bank has also shaved off its gains and is now up only over 50 points, inching towards the 53,900 mark. Grasim, Bharat Electronics and IndiGo are among the top gainers.
As for Nifty, 23,350 – 23,450 remains an important support zone, while 23,700 – 23,800 is a hurdle for the index to head towards its 20-DMA around the 24,000 mark.
Today is the weekly expiry of the Sensex contracts, the last weekly one before the monthly expiries happen next week. While the bulls are ensuring that the Nifty does not break below key supports, the bears are latching on to higher levels, ensuring supply.
The Nifty Bank is also trading with healthy gains, especially when compared to the previous sessions.
For the Nifty Bank, the 53,000 – 54,000 range remains.
The bulls will hope for Reliance Industries to continue Wednesday’s outperformance, although volumes were lower than usual. Barring RIL, keep an eye on names like AB Capital, Apollo Hospitals, ITC, LIC, Jubilant Foodworks, HG Infra, Lenskart, Ola Electric and others.
Watch this space for all the LIVE stock market updates.