Sensex Today | Stock Market Live Updates: We are the halfway mark of the day’s trade, and the bulls have managed a dramatic turnaround. The indices have recovered from the lows. The Nifty has recovered 120 points from lows, and is now near 22,750. The Nifty Bank has recovered a major 500 points from lows, and is back above 54,000. Dr Reddy’s, Coal India, and Kotak Bank are the top gainers.
Sensex Today | Stock Market Live Updates: After a spectacularly poor start, the markets have managed to make a recovery from lows. As the bulls deal with Nifty monthly expiry, the Nifty 50 index has now recovered 150 points from lows, recovering to 22,700. The Sensex is down over 220 points after the recovery, reclaiming 72,500.
The Nifty bulls are on the back foot in what has been an extremely forgettable September series. The index has declined nearly 6% so far this series, closing below the mark of 23,000 and dropping to a six-month low.
The Nifty Bank is down, falling close to 600 points, and below the critical mark of 54,000.
The Nifty Bank, which was looking to test 56,000 on the upside, is now fighting to defend 54,000 on the downside, while a close above 55,000 would bring some relief to the bulls.
The last 30 minutes of today’s session will be crucial, as the NSE rebalancing will coincide with the Closing Auction Session (CAS).
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