Sensex Today | Stock Market LIVE Updates: The Indian markets are looking to mark a recovery from the week’s losses. The Nifty is trading around 25,700 and up around 40 points. The Nifty Bank index is on a better footing, jumping over 200 points and trading closer to 60,000. Infosys, Wipro, Tech Mahindra, and Shriram Finance are among the major gainers.
The cool-off in crude oil prices overnight is another positive. Adding to that is the potential signing of a Free Trade Agreement between the European Union and India later this month.
On the flip side, the US Dollar Index continues to strengthen. Banks will be a sector to watch as index heavyweights ICICI Bank and HDFC Bank report results on Saturday. That may invite some caution. Reliance Industries, the Nifty 50 heavyweight, also reports after market hours on Friday.
The stock is down nearly 10% from the record high levels it hit on January 5. There will also be reaction results from ICICI Prudential AMC, Angel One, L&T Technology Services and others. For the Nifty, 25,600 on the downside remains a key level, while 25,750 – 25,800 is a resistance band.
Watch this space for all the Live updates.