Sensex Today | Stock Market LIVE Updates: Nifty aims to defend recovery amidst earnings, rising oil prices

Sensex Today | Stock Market LIVE Updates:

The next two days are potentially the busiest for this quarter's earnings season. The Nifty would aim to defend Tuesday's short-covering bounce, which took the index to as high as 25,250 levels intraday.

What can turn out to be a joker in the pack today, something that is not been spoken about is the rising oil prices. Brent is now at $67, levels last seen in October. Higher oil prices are generally negative for net oil importers.

That of course, keeps oil sensitivities in focus, from upstream explorers like ONGC, Oil India, to downstream refiners like HPCL, BPCL, and IOC. Tuesday's low of 24,932 is key for Nifty, as it is close to last week's panic low. On the upside, 25,200 - 25,250 will be the first hurdle to cross.

Nifty Bank, which led Tuesday's recovery, would look to reclaim the 59,500 mark first. Watch for stocks like Vodafone Idea, Vishal Mega Mart, Maruti Suzuki, L&T, Motilal Oswal, TVS Motor, BEL, Marico, among many others.

Watch this space for all the Live updates.