Sensex Today | Stock Market LIVE Updates: Nifty may open above 22,600; Shriram Fin in focus

Sensex Today | Stock Market LIVE Updates: The new week promises to be even more action-packed than the last truncated week was, with multiple moving parts likely to keep traders and investors on the edge alike. It was only courtesy of a second-half recovery and the Closing Auction Session that the Nifty managed to close at 22,600 on Friday, having broken below the 22,400 mark intraday.

Crude oil prices remain higher, the Fed announces its interest rate decision this week, geopolitical tensions remain elevated, there are nearly 250 companies reporting numbers this week, and both the Nifty and the Sensex will also be having their monthly expiries during the course of this week.

Another key thing to monitor will be whether the Midcap and Smallcap indices manage to stage a recovery after last week’s brutal sell-off. For the Nifty, the 22,500 – 22,400 mark will be key to defend for the bulls, while higher levels around 22,800 may continue to see supply pressure.

For the Nifty Bank, the bulls would want to first take it past 54,500 on the upside, else a break below 54,000 could accelerate the selling pressure. Kotak Bank, IDFC First Bank, IndusInd Bank, Bank of India, will all react to results. Infosys will be the big result reaction of the day.

Watch this space for all the LIVE stock market updates.