Stock Market LIVE Updates: The market are under some pressure, while the indices are cautious. The Nifty is below the 23,000 mark. The Nifty Bank is down 250 points, below 55,600. BSE, HDFC Life and Jio Financial are the top laggards.
23,000 remains key for the Nifty while the bulls would hope that the support now shifts higher to 22,750 – 22,700 zone.
A concerning part though will be the sharp reaction to results which kept the market breadth awry on Thursday and triggered the broader market underperformance.
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.