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By CNBCTV18.com November 11, 2026, 8:17:05 AM IST (Updated)
Sensex Today | Stock Market LIVE Updates: The index to watch will be the Nifty Bank, as it is only 250 points away from reclaiming the 60,000 mark, and 2,000 points away from its record high of 61,764. While HDFC Bank has recovered sharply from the recent lows, ICICI Bank has gained 20% in the last one month and is already at record high levels.
Sensex Today | Stock Market LIVE Updates: The market has to grapple with multiple moving parts today. The recent rally has taken the Relative Strength Index of both Nifty and Nifty Bank into "overbought" territory, even as the charts show no specific signs of weakness. Two, crude oil prices continue to edge lower, even as bond yields rebounded overnight as fears of a bigger Fed rate hike resurfaced.
Three, barring Nvidia, most of the other chip and semiconductor companies have recovered most of the losses seen during the post-democrat midterm election win. Lastly, the final few earnings reactions also need to be accounted for.
The index to watch though, will be the Nifty Bank, as it is only 250 points away from reclaiming the 60,000 mark, and 2,000 points away from its record high of 61,764. While HDFC Bank has recovered sharply from the recent lows, ICICI Bank has gained 20% in the last one month and is already at record high levels. 60,000 is a resistance for the Nifty bank though, with 59,000 - 58,800 emerging as a key support.
For the Nifty, defending 25,000 will be key and any dip should find support near Monday's low of 24,850. Keep an eye on Cochin Shipyard, Kalyan Jewellers, BHEL, Whirlpool and other stocks.
Watch this space for all the Live stock market updates.
HomeMarket NewsSensex Today | Stock Market LIVE Updates: GIFT Nifty up 300 points; Nomura cuts Tata Steel target
