Sensex Today | Stock Market LIVE Updates: Nifty may open around 26,200; IT stocks in focus after H-1B rejig

Sensex Today | Stock Market LIVE Updates:

The final trading day before the Christmas holiday brings with it the monthly expiry of the Sensex contracts. The Nifty is near crucial levels on the upside, and the bulls would hope that the index sustains above those as global participation remains thin. The index traded in a very narrow range on Tuesday, crossed the December 5 highs intraday, but could not sustain above those, nor did it close above the 26,200 mark.

The same was the case for the Nifty Bank, which traded in a very narrow, 200-point range all through Tuesday, barely budging from its Monday close. Levels remain the same for the indices with the 26,205 level, followed by Tuesday's high of 26,233 key for the Nifty on the upside. The bulls would take solace from the fact that every dip is getting bought into and 26,000 - 26,100 may turn out to be a firm support.

For the Nifty Bank, 59,500 remains the key barrier for a shift in sentiment. Watch out for IT names in today's session, Coal India, Pharma names like Ajanta Pharma, and other stock-specific moves in the broader markets.

Watch this space for all the live updates.