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Sensex Today | Stock Market LIVE Updates: We are at the halfway mark of the day's trade, and the markets have diminished further as the day has progressed. The Nifty is down over 150 points, falling below 22,400. The Nifty bank is down over 400 points. Tech Mahindra, ITC are top losers.
Sensex Today | Stock Market LIVE Updates: It is past noon at Dalal Street, and the trouble only seems to be mounting for the markets even in the second half. The market is moving cautiously after the previous week's end, which was ferocious. The Nifty is down 150 points, falling to 22,350. The Sensex is down another 600 points. On the upside, the 22,600 - 22,700 zone will be important for further supply.
The Nifty bulls go into an all-important week on the back of cautious optimism after Friday's recovery, which resulted in a first green weekly candle after eight straight weeks of losses.
While bond yields remain where they were last week, crude oil prices have surged once again with Brent crude trading above the mark of $105 a barrel.
Banks will be the segment to watch today after the decisions taken by the RBI with regard to their CRR management as well as to safeguard the currency from further depreciation. The direction taken by the Nifty Bank could be key in determining the Nifty trajectory.
For the Nifty, 22,400 is an important support and a break below that could result in a re-test of the recent lows, as per analysts. The Nifty Bank would look for support at the 54,500 mark in case of a fall.
Watch this space for all the LIVE stock market updates.
HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty extends losses to 200 points; market at day's low
