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HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty rises above 23,950; Eternal shares up 3%
Sensex Today | Stock Market LIVE Updates: The markets remain under pressure as Crude continues to stretch the bulls. The Nifty is down nearly 100 points, falling below the 23,900 on this weekly expiry day. The Nifty bank is down 350 points, falling to 56,700. Dr Reddy's, Nestle, Infosys.
Sensex Today | Stock Market LIVE Updates: The markets are failing to break out as pressure continues to build as the West Asia crisis persists. The Nifty is down nearly 100 points, falling to 23,900. The Sensex is down 300 points, taking the index to 76,400.
Brent closed above $96 a barrel overnight, while WTI is nearing $85 a barrel this morning.
Three straight days of selling have sent the index back down to the lower end of the range, and 23,800 on the downside is back in play. Having made lower highs all week, the resistance has shifted lower for the Nifty to 24,150 - 24,250.
While the Nifty is still in the range, the Nifty Bank has broken below the 57,500 mark and now is looking to defend 57,000 on the downside. Concerns are also with regards to the broader market sell-off as the slightest earnings miss is being punished severely.
Two stocks could well be the earnings reactions of the day on either side. Dr. Reddy's is one of them after its US-listed ADR fell 10%. The second is IndusInd Bank. Infosys reports results today along with Nifty names like Cipla & IndiGo.
Watch this space for all the LIVE stock market updates.
