Sensex Today | Stock Market LIVE Updates: Oil prices are down this morning, which is a positive, while the Dow futures have also surged on media reports of the US sending Iran a plan to end the war. The Nifty did cross 23,000 on Tuesday but could not sustain above it, closing off the highs. That remains the key level to watch as a sustained move above 23,000 could trigger a further short squeeze.
Traders may want to remain light on positions going into a holiday, especially since the situation in West Asia remaining fragile and markets reacting to contradictory reports. Oil prices are down this morning, which is a positive, while the Dow futures have also surged on media reports of the US sending Iran a plan to end the war.
The Nifty did cross 23,000 on Tuesday but could not sustain above it, closing off the highs. That remains the key level to watch as a sustained move above 23,000 could trigger a further short squeeze.
A rebound in HDFC Bank soothed frayed nerves, and the bulls would hope that continues. 53,000 is the first level to watch on the upside for the Nifty Bank. Keep an eye on oil sensitives, Natco Pharma, BEL, NTPC Green Energy and other names.
Watch this space for all the LIVE stock market updates.
