Sensex Today | Stock Market LIVE Updates: Nifty trajectory on Sensex weekly expiry hinges on IT Vs the rest

Sensex Today | Stock Market LIVE Updates: The Nifty moves in today’s trading session, which happens to be the Sensex weekly expiry, depends on multiple factors. First, how IT stocks react to another bout of selling on Wall Street overnight, although that was predominantly led by chipmakers.

Two, for how long can the index heavyweights, Reliance Industries, HDFC Bank, and ICICI Bank do the heavy-lifting, and of course, the expiry-related volatility? Round one went to the index heavyweights in mid-week trade as the Nifty ended higher despite a near ₹2 lakh crore rout in big IT names. The 25,800 mark is the first barrier for the index, while 25,500 remains a key support on the downside as we highlighted earlier as well.

The Nifty Bank, barring the fall from highs in the last 30 minutes, is relatively stable versus the Nifty. Earnings reactions today come from Trent, NHPC, Tata Power and others. LIC, Bharti Airtel, Mazagon Dock, PFC among a host of others report results today.

Watch this space for all the LIVE stock market updates.