Sensex Today | Stock Market LIVE Updates: Nifty may drop to 24,100 at opening; Brent around $92

Sensex Today | Stock Market LIVE Updates:

The Nifty 50 index has been grinding lower for two days in a row without any decisive trending moves. What continues to rise though, are oil prices.

Brent is now at a two month high, and back above the mark of $90 a barrel. While analysts believe India can manage with oil prices being between $80 to $85 a barrel, it will be seen as to how the market reacts to levels of $90 and climbing.

The bulls continue to fight to hold the 24,200 mark, which will be the first key level, while 24,000 and 23,800 continue to remain the two important levels on the downside.

The Nifty Bank also traded in a narrow range on Tuesday and continues to remain locked between 57,500 on the downside and 58,500 on the upside. While crude oil sensitives will react to the rise in prices, earnings reactions will be key as another busy day awaits.

Watch for Bandhan Bank after some downgrades on its Q1 results commentary, along with Cyient DLM, Sagility, DRL, Eternal, IndusInd Bank and many others.

Watch this space for all the LIVE updates.