What is the story about?
Sensex Today | Stock Market Live Updates: The markets are in a state of volatility, and caution seems to be the word of the hour. The Nifty is moving around the 22,700 mark. The Sensex is also trading relatively low, moving around 73,400 mark
Today is the monthly expiry of all NSE contracts. The Nifty 50 is nearly at the same levels at which it closed the September series as of Monday.
However, some buying from lower levels in Midcaps and Smallcaps is something that will give bulls greater comfort. Today's session will bring with itself its fair share of volatility, with the VIX continuing to remain at elevated levels. For the Nifty, 22,800 is the level to watch on the upside, as a sustained move above that could take the index back towards the 23,000 mark.
Supports down are harder to predict considering the broad range the index has traded in over Friday and Monday. The bulls, though, would want the intraday lows of sub-22,400 are not to be broken. The Nifty Bank underperformed the Nifty on Monday but did recover from the lows.
The index remains below 54,500, which it needs to cross and sustain for a move back to 55,000, while 53,800 - 53,700 levels on the downside should act as a support. Over 50 companies report results today, including auto majors Bajaj Auto and Maruti Suzuki. Also watch for defence stocks, Paytm and more. Oil remains around $115 a barrel.
Watch this space for all the LIVE stock market updates.
Today is the monthly expiry of all NSE contracts. The Nifty 50 is nearly at the same levels at which it closed the September series as of Monday.
However, some buying from lower levels in Midcaps and Smallcaps is something that will give bulls greater comfort. Today's session will bring with itself its fair share of volatility, with the VIX continuing to remain at elevated levels. For the Nifty, 22,800 is the level to watch on the upside, as a sustained move above that could take the index back towards the 23,000 mark.
Supports down are harder to predict considering the broad range the index has traded in over Friday and Monday. The bulls, though, would want the intraday lows of sub-22,400 are not to be broken. The Nifty Bank underperformed the Nifty on Monday but did recover from the lows.
The index remains below 54,500, which it needs to cross and sustain for a move back to 55,000, while 53,800 - 53,700 levels on the downside should act as a support. Over 50 companies report results today, including auto majors Bajaj Auto and Maruti Suzuki. Also watch for defence stocks, Paytm and more. Oil remains around $115 a barrel.
Watch this space for all the LIVE stock market updates.
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