Sensex Today | Stock Market LIVE Updates: Nifty aims to cross and sustain above 23,400 after six weeks of losses

Sensex Today | Stock Market LIVE Updates: It is the first time since the Covid-19 pandemic in 2020 that the Nifty 50 closed lower for six weeks in a row. The index, although in recovery mode, continues to find resistance at higher levels. The bulls tested 23,400 last Friday but could not cross that mark before closing.

Despite the worsening geopolitical situation in West Asia, oil markets have not reacted adversely to the same and Brent continues to remain around the $103-$104 a barrel mark. Another thing that could give bulls comfort is the fact that it has made higher lows for two straight sessions and they would want that trend to sustain.

Support for the Nifty between 23,250 - 23,300 levels, followed by 23,100 on the downside, while crossing and sustaining above 23,400 would make 23,500 a realistic possibility.

The Nifty Bank is holding on to 56,000 and the bulls would hope that this continues towards the 57,000 mark on the upside as well, but for that, the 56,500 hurdle will have to be decisively crossed.

Block deals are back with one lined up in Lenskart today and today is also the final day to subscribe to the mega NSE IPO.

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