Sensex Today | Stock Market LIVE Updates: Nifty hovers around 23,550; Balaji Amines hits 52-week high
Sensex Today | Stock Market LIVE Updates: We have travelled into the second half of this expiry day trade, and the market has scripted a remarkable recovery. The indices have broken the shackles, with the Nifty rising over 100 points and jumping to the 23,500 mark. The Nifty bank is also up, rising over 200 points. Max Health, Bajaj Finance and NTPC are the biggest laggards.
The Nifty is now up with a 100-point rise, rising above 23,500. The Sensex index is also trading with a similar rise, up over 350 points, and climbing below the 74,700 mark.
As a result of this, the Nifty has opened for a retest towards the May series low of 23,262.
The bulls may take comfort from the fact that all recent selling has seen a reversal around this 23,250 – 23,350 range. A break of that level risks further downside for the index. Same is the case with the Nifty Bank, which had another 1,000-point range trading day on Monday.
Today is a session that will be dominated by QIPs, block deals, and OFS’. Alkem Labs, Ola Electric, ACME Solar, NHPC, KRN Heat, will all be in the spotlight due to this. The bulls would also hope that the IT stocks continue to lend any form of support to the index.
Watch this space for all the LIVE stock market updates.
