Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades higher; Bernstein cuts SBI Cards target

Sensex Today | Stock Market LIVE Updates: The Nifty bulls would aim to end the week on a high after finally managing to snap a seven-day losing streak and, in the process, also end the streak of making lower highs on the daily charts.

Thursday's session also saw the index defend its 100-DMA on the downside, as well as the mark of 24,000, which remains the most important level to watch on the downside. The only negative, is the fact that oil prices continue to remain elevated, with Brent briefly crossing the mark of $94 a barrel. In case the Nifty manages to cross this week's high of 24,360, it could be viewed positively by the street.

The Nifty Bank continues to see buying at the lower end of the narrow range and supply at the higher end of it. Sustaining above 57,500 will be key for the index and then to cross 58,000. Compared to the Nifty, the banking index has been a bigger outperformer this week. Block deals continue on the street, so watch for Amagi Media Labs, along with names like HDFC Bank, Welspun Corp, and others.