Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a 300-point gap-up start to the index

Résumé détaillé

Sensex Today | Stock Market LIVE Updates: The market has to grapple with multiple moving parts today. The recent rally has taken the Relative Strength Index of both Nifty and Nifty Bank into "overbought" territory, even as the charts show no specific signs of weakness. Two, crude oil prices continue to edge lower, even as bond yields rebounded overnight as fears of a bigger Fed rate hike resurfaced.

GIFTNifty higher, trading at a premium of nearly 300 pts from Nifty futures Monday close, indicates a gap-up start for the Indian market

Some of the stocks to watch out for the day include Cochin Shipyard, MRF, Whirlpool, BHEL and more.

After closing above the 25,000 mark once again, the Nifty will look to the bulls to defend this level on Wednesday. The 24,850–24,900 range is also emerging as a key support zone, as demonstrated during Monday’s exceptionally volatile session.

Indian equity benchmarks closed higher on Monday, led by banking stocks, which helped lift the Nifty 50 to a nine-month peak. The Sensex advanced 107 points, or 0.13%, to finish at 81,106, while the Nifty rose 58 points, or 0.23%, to end at 25,045.

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