Sensex Today | Stock Market LIVE Updates: Brent is back near $110 a barrel, US crude is near $100. Second, the Fed has dampened hopes of a rate cut this year with Jerome Powell’s remarks on inflation that sent Wall Street tumbling overnight.
Brent is back near $110 a barrel, US crude is near $100. Second, the Fed has dampened hopes of a rate cut this year with Jerome Powell’s remarks on inflation that sent Wall Street tumbling overnight.
Third, the US Dollar, after the initial softness, has strengthened again and is back above the mark of 100. And lastly, the issues at HDFC Bank, which led to the resignation of part-time chairman Atanu Chakraborty. HDFC Bank is a Nifty 50 heavyweight, as well as one on the Nifty Bank.
For the Nifty, 23,500 on the downside now becomes an important level to watch, while 23,800 – 24,000 remains a resistance band. If the Nifty Bank is unable to hold 55,000, then 54,500 comes into play again. Besides HDFC Bank, watch for oil sensitives today as well, along with names like Manappuram Fin, Natco Pharma, Mazagon Dock, Belrise Industries, and others.
Watch this space for all the LIVE Stock market updates.
