Sensex Today | Stock Market LIVE Updates: Nifty Bank slips below back into red again; mkt remains volatile
Sensex Today | Stock Market LIVE Updates: The markets are under pressure amid the rising tensions in the Persian Gulf. The Nifty fell over 100 points, threatening the 23,000 mark. The Nifty Bank is also under pressure, down over 120 points. HCLTech, Infosys ana Trent are the top laggards.
Today is the weekly expiry of all Sensex contracts. For the Nifty, the recent lows of 23,070 come into play again after the breakout sold off between 23,450 – 23,500 levels, which remain the key resistance on the upside. Analysts maintain that any drop below the 23,070 low could take the index down to 22,800 – 22,700 levels.
The Nifty Bank is also under pressure, however it is still better off than the frontline indices. The banking index is down over 100 points
The bigger disappointment is from the Nifty Bank, and although it managed to hold above 55,000, the 400-point fall from highs also indicates supply at the 55,500 mark. Keep an eye on Lenskart, Zee Entertainment, and the oil & gold sensitives.
Watch this space for all the LIVE stock market updates.
