Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses to nearly 200 points; Hindalco in focus

Sensex Today | Stock Market LIVE Updates: The Nifty is stuck in a range yet again where there is lack of conviction at higher levels but support emerging at lower levels. IT is doing the heavylifting while banks are keeping any enthusiasm in check with their underperformance. The Nifty Bank is down in seven out of the last eight sessions.

The Nifty faces a challenge to conquer the 50-DMA closer to the 23,800 mark, a level it failed to sustain above even on Tuesday. Rising bond yields globally are pressuring equity markets, particularly in the US. The Nifty will likely see support at the 23,500 mark, below which, the recent lows between 23,250 - 23,350 could come into play yet again. For the Nifty Bank, the 53,000 to 54,000 range remains.

A move above the 50-DMA and the bulls could dream of conquering the 20-DMA above the 24,000 mark as well. Keep an eye on stocks like BPCL, Mankind, Orkla, Lenskart, BEL, Ola Electric, Jubilant Foodworks, Samvardhana Motherson and more.

Watch this space for all the LIVE stock market updates.