Sensex Today | Stock Market LIVE Updates: The 24,200 mark has become a congestion zone over the past two days. For the Nifty Bank, the critical support level is now at 55,000. An additional concern for bulls is the rising oil prices, with Brent around $112 a barrel and US crude approaching $100.
Sensex Today | Stock Market LIVE Updates: Today marks the beginning of the May F&O series for Nifty contracts. It is also the second to last trading session of this shortened week. The 24,000 mark remains crucial for the Nifty, which has seen its downside limited over the last two sessions due to the strong performance of Reliance Industries, despite a downturn in banking and IT stocks.
On the upside, the 24,200 level is demonstrating congestion over the past two days. For the Nifty Bank, the pivotal level on the downside is 55,000. Another issue for bulls is the escalating oil prices, with Brent hovering around $112 a barrel and US crude also nearing $100.
Earnings reactions are anticipated today from companies like Garden Reach, Bandhan Bank, Canara HSBC, Emmvee Photovoltaic, and others. Additionally, key results are expected from Bajaj Finance, Vedanta, Motilal Oswal, Mphasis, Indian Bank, and Indian Overseas Bank, among many more. Vedanta is particularly in focus as it prepares to trade ex-demerger tomorrow.
Stay tuned for all the LIVE updates from the stock market.
