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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Jefferies expects telecom sector revenue to rise; GIFT Nity trades higher
By CNBCTV18.COM| Aug 29, 2025 8:39 AM IST (Updated)
Sensex Today | Stock Market LIVE Updates: The last four sessions have seen the Nifty decline nearly 600 points, while the Nifty Bank has been the bigger underperformer, declining nearly 2,000 points. The Nifty now stands at a crucial level of not just 24,500 but also the 78.6% retracement of the rally seen from the August 8 swing low of 24,337.
Sensex Today | Stock Market LIVE Updates: A new F&O series begins for the Nifty 50 on Friday, and a series full of changes as well. Starting this series, the NSE weekly contracts move to the Tuesday expiry, while those of the BSE move to Thursday.
Another change the bulls would hope for is the change to the selling spree currently ongoing, particularly after the 50% tariffs on US exports from India took effect from Wednesday. The last four sessions have seen the Nifty decline nearly 600 points, while the Nifty Bank has been the bigger underperformer, declining nearly 2,000 points.
The Nifty now stands at a crucial level of not just 2400 but also the 78.6% retracement of the rally seen from the August 8 swing low of 24,337 to the August 21 swing high of 21,153, which comes to 24,512. That, coupled with Thursday's low of 24,482 will be the key level on the downside for the index.
The other major factor today would be the Reliance Industries AGM, and the stock saw a sharp intraday recovery on Thursday ahead of the meeting, which is scheduled for 2 PM today. Aside of that, GST-linked stocks continue to remain in focus on the back of a slew of newsbreaks, all of which could be read on CNBC-TV18.com.
Watch this space for all the live updates.
