Sensex Today | Stock Market LIVE Updates: Nifty remains below 24,700; IndusInd Bank shares down 2% ahead of Q1

HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty remains below 24,700; IndusInd Bank shares down 2% ahead of Q1

Sensex Today | Stock Market LIVE Updates: The Indian markets are in a relatively volatile space, as the Nifty index, after starting with cuts of about 80 points, recovered to climb back to 24,800, only to fall again. The Nifty index is currently trading with losses of over 160 points. The Sensex is down 600 points.

The Nifty Bank index has fallen over 400 points, led by the abysmal performance of Kotak and Axis bank.

This 50-point fall today comes after the Nifty closed below its 50-DMA last week, and that brings the June 24 swing low of 24,824 into play.

The TCS layoff announcement will again keep IT in the spotlight; the company's shares have declined about 1%.

The Nifty IT and Nifty Realty indices are under immense pressure, trading with a cut of about 1.5%. The real estate space is under pressure, with the likes of Lodha, DLF, and Godrej Properties trading with cuts.

The Nifty Midcap 100 index, after surging and recovering 650 points from the day's lows, has swung, falling close to 900 points. The Nifty small-cap continues to remain in focus.

The shares of Kotak Bank, SBI Cards, Lodha Developer, and CDSL are trading in red with major losses.

When we look at some of the biggest volume buzzers of the day, which include stocks with higher-than-average movement in day's trade, we find Poonawalla Fincorp, Laurus Labs, Acme Solar, Kotak Bank, and Aadhar Housing.

When we come to the Q1 season's today's instalment, the IndusInd Bank, Mazagon Dock, and BEL are some major results today.

Watch this space for all the live updates.