Sensex Today | Stock Market LIVE Updates: GIFT Nifty points at a negative start as index aims to protect 22,800

Sensex Today | Stock Market LIVE Updates: The market sentiment continues to remain fragile. Every recovery is getting sold into. Today is the Sensex weekly expiry. Courtesy of the last 30 minutes on Wednesday, the Nifty 50 managed to close above the 22,800 mark. That remains the most important level to defend.

The only important monitorable beyond earnings has been the crude oil prices, which remain around the $110 a barrel mark. The bond yields also need to be watched as the India 10-year now is at 7.43%, the highest since 2023. On the upside, any potential recovery towards the 23,000 mark could face supply.

Today will also be the second day of the Jio Platforms IPO after a historic day 1, which saw bids worth ₹70,000 crore being placed. Liquidity worth ₹1.8 lakh crore also returns to the system today in the form of refunds of the four IPOs that closed for subscription on Monday. It remains to be seen where that is headed.

54,500 - 55,500 remains the key range for the Nifty Bank and only a sustained close above 56,000 could change the momentum there.

Eternal could well be the result reaction to watch today. Swiggy, HPCL, Havells, should also be watched, along with any follow-up move on eMudhra.

Watch this space for all the LIVE stock market update.

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