Sensex Today | Stock Market LIVE Updates: Volumes may also remain low ahead of the midweek holiday, while Thursday will also be the final monthly expiry of the NSE contracts on Thursday, before the cycle shifts for the index to Tuesday, and BSE takes up Thursday as the expiry for its contracts.
Monday saw a similar story play out with one IT sector doing the heavy lifting, with support from the lesser-weighted Pharma and Metal stocks. The index has made a lower high on the charts, meaning it failed to cross Friday’s intraday high despite ending higher.
Volumes may also remain low ahead of the midweek holiday, while Thursday will also be the final monthly expiry of the NSE contracts on Thursday, before the cycle shifts for the index to Tuesday, and BSE takes up Thursday as the expiry for its contracts. 24,800 – 24,850 continues to remain a strong support, even as banking stocks continue to sulk.
That 55,000 remains an important level to defend for the Nifty Bank. Watch out for stocks like Vodafone Idea on the potential AGR relief, IT stocks on any further follow-up buying and paper stocks that had zoomed ahead on very large volumes.
Watch this space for all the live updates.
