Sensex Today | Stock Market LIVE Updates: Nifty futures indicates a gap-up start as index aims record highs

Sensex Today | Stock Market LIVE Updates:

The Nifty 50 index enters the new trading week, which will also be the monthly F&O expiry week for both the Nifty and the Sensex contracts, with renowned hopes of scaling all-time high levels. The markets took a breather on Friday after a two-day upmove but remained resilient amidst the global markets sell-off.

However, global cues are supportive this morning after Friday's Wall Street rebound and futures trading with strong gains this morning as well.

Renowned hopes of a rate cut have rekindled bullish sentiments in the US markets. For today's session, the index will look to protect 26,000 on the downside in case of any potential dip, while Friday's high of 26,179 becomes the first level to watch on the upside, followed by Thursday's high of 26,246 and then, of course, the record high level of 26,277.35.

Rate cut hopes in the US will keep IT stocks in the spotlight again, particularly Midcap IT, while certain Pharma names will be in focus for USFDA observations. Also keep an eye on smaller private lenders, with a major investor acquiring stake in Karnataka Bank on Friday.

Watch this space for all the live updates.