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What is the story about?
Sensex Today | Stock Market LIVE Updates: The Indian markets are trading on cautious terrain as the indices recover from the early loss. The Nifty is trading with a rise of over 60 points, jumping to 25,800. The IT stocks are under immense pressure, with the IT index down over 5%.
The Nifty IT declined after the software stocks on Wall Street plunged up to 25%, impacting ADRs of Infosys and Wipro, which also fell between 5% to 6% after the new Anthropic AI launch.
The Nifty Bank index is on a better footing, with the abking index up 300 points, rising to 60,300 mark.
Whether there would be further strength on the currency, whether the FII buying is sustained, and whether the big movers from Tuesday see follow-up buying are some other key factors to watch. 25,500 is a key downside level for the Nifty, while 25,800 - 26,000 remains a resistance zone. Earnings reactions come from Bajaj Finance, Castrol and others.
Watch this space for all the LIVE stock market updates.
The Nifty IT declined after the software stocks on Wall Street plunged up to 25%, impacting ADRs of Infosys and Wipro, which also fell between 5% to 6% after the new Anthropic AI launch.
The Nifty Bank index is on a better footing, with the abking index up 300 points, rising to 60,300 mark.
Whether there would be further strength on the currency, whether the FII buying is sustained, and whether the big movers from Tuesday see follow-up buying are some other key factors to watch. 25,500 is a key downside level for the Nifty, while 25,800 - 26,000 remains a resistance zone. Earnings reactions come from Bajaj Finance, Castrol and others.
Watch this space for all the LIVE stock market updates.
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