Sensex Today | Stock Market LIVE Updates: Nifty may open around 25,100; telecom stocks in focus

HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty may open around 25,100; telecom stocks in focus

Sensex Today | Stock Market LIVE Updates: The Nifty has moved past key resistance levels and is close to another one on its weekly expiry day, before it aims to retrace the entire fall it had from the September 18 highs of 25,448.

The index closed above its 50% retracement of its recent fall, and the next level to watch on the upside is the 61.8% retracement of the fall, which is at 25,119, around 40 points away from Monday's close for the index. The Nifty Bank though, continues to remain the index to watch out for, as after a 1,800-point rally in the last five sessions, the index is now aiming for three-month highs, with the July 31 high of 56,406 coming into the picture.

Unlike the Nifty, the Nifty Bank has retraced its entire fall and also made a new swing high of 56,161 on Monday. Along with the weekly expiry of the NSE contracts, market participants will continue to react to further business updates for the quarter from names like Metropolis, Bank of India, among others.

Another large IPO, the ₹11,607 crore issue of LG Electronics India, also opens for subscription today, along with the ₹15,500 crore Tata Capital IPO, which is already open and was subscribed 39% on its first day.

Watch this space for all the live updates.