Sensex Today | Stock Market LIVE Updates: Nifty rises towards 23,250; Banking index up 500 points

Sensex Today | Stock Market LIVE Updates: Today is the weekly options expiry of the NSE contracts and the bulls would hope that they manage to recoup some of the losses from Monday, if not all. Hostilities between Iran and Israel have eased for now, as have oil prices from the highs of Monday. Of course, there is no stopping to the FII selling just yet, with another ₹5,555 crore worth of selling in the cash market on Friday.

For the bulls, holding on to 23,000 on the downside for the Nifty will be key to preventing the index from declining further to levels of 22,700. On the upside, the index will first aim to cross the 23,250 - 23,300 zone before attempting to retest the 23,500 mark.

The Nifty Bank is stuck in a range as well and similar to the Nifty, lacks conviction at higher levels. Holding to 54,000 will be key here with the next support at 53,750 - 53,500 levels.

On the upside, crossing 54,500 is important for a move back to 54,800 - 55,000 levels. Watch for stocks like Bharti Airtel, Vodafone Idea, NLC India, Eternal among others.

Watch this space for all the Live stock market updates.