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Sensex Today | Stock Market LIVE Updates: Strong results and guidance from Accenture, a rally on Wall Street, which was partially given-up on Friday, but a largely positive read-through. If these two react positively, the index may well begin the week on an optimistic note. The bulls would hope that last Thursday's low of 22,217 is not tested again.
Sensex Today | Stock Market LIVE Updates: Two of the Nifty 50's biggest constituents will determine which way the index moves to begin the new week after the long weekend. HDFC Bank is one of them. A business update that's on the stronger side and a new MD & CEO, putting an end to weeks-long uncertainty. IT stocks are the other.
Strong results and guidance from Accenture, a rally on Wall Street, which was partially given-up on Friday, but a largely positive read-through. If these two react positively, the index may well begin the week on an optimistic note. The bulls would hope that last Thursday's low of 22,217 is not tested again.
On the upside, moving above 22,500 will be key for the bulls, before moving further higher towards the 22,750 - 22,800 zone. The Nifty Bank will be the bigger index to watch, as it has not only been stronger than the Nifty but it has a slew of business updates for Q2 to react to apart from HDFC Bank.
Nearly every constituent of the index reported their business update over the long weekend, including Yes Bank, Canara Bank, and others. 55,000 on the upside will be key, while Friday's low of 54,066 will now be a strong support. Also watch for names like DMart, Bajaj Finance, Bajaj Housing, and 10 other companies whose lock-in ends today.
Watch this space for all the LIVE stock market updates.
HomeMarket NewsSensex Today | Stock Market LIVE Updates: GIFT Nifty extends gains to 130 points, hints at gap-up start
