Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses, hints at a negative start; Bajaj Fin in focus

Sensex Today | Stock Market LIVE Updates: The optimist would believe the Nifty surged 650 points on Tuesday, the seventh-largest single-day gain in terms of points in the history of the index. The pessimist would say the index was down over 600 points from its opening highs.

The Nifty heads into today's session amidst a host of developments overnight. 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 reaction to IT stocks could determine which way the index moves. FIIs turned net buyers worth over ₹5,000 crore on Tuesday but it remains to be seen whether that could sustain. In case the IT stocks do fall, the onus will be on the other heavyweights, Reliance Industries and HDFC Bank to offset the impact.

Whether there would be further strength on the currency, whether the FII buying sustains, 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 up

dates.