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HomeMarket NewsSensex Today | Stock Market Live Updates: GIFT Nifty trades 60 pts lower; Kotak bank in focus
Sensex Today | Stock Market Live Updates: With the quarter having ended on Tuesday, companies will also begin to report their quarterly provisional business updates, particularly the banking and FMCG stocks, along with PSU financiers and mining companies. For the Nifty, defending 23,800 on the downside is key, as chartists warn that a break below those levels could drag the index back to 23,500.
Sensex Today | Stock Market Live Updates: The first half of the year has been a forgettable one for the Nifty bulls, with the index having declined 8.5%. The index is back at the lower end of the 23,800 - 24,200-24,250 range as a new F&O series begins from today. The mid-week session, also the first day of a new month, will see a slew of data points being released, none more important than last month's auto sales.
That keeps the entire sector in focus. With the quarter having ended on Tuesday, companies will also begin to report their quarterly provisional business updates, particularly the banking and FMCG stocks, along with PSU financiers and mining companies. For the Nifty, defending 23,800 on the downside is key, as chartists warn that a break below those levels could drag the index back to 23,500.
The Nifty Bank is also back at the lower end of the 57,500 - 58,500 range and is also showing signs of supply at higher levels. Besides auto stocks, keep an eye on KPIT Tech, Prestige Estates, Sterlite Tech and others.
Watch this space for all the Live stock market updates.
