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What is the story about?
Sensex Today | Stock Market LIVE Updates: The final trading day of the week could be the most decisive one for the Nifty as there is a proper tug of war set to transpire. On one corner will be IT names which could see pressure after Accenture's overnight earnings miss and the resultant fall in ADRs of Infosys (10%) and Wipro (4%).
On the flip side, there are banks, with the Nifty Bank having rallied nearly 3,000 points in six sessions and is now at the upper end of the 57,000 - 58,000 trading range. The bulls would hope that this outperformance continues today to offset any pressure in IT names.
The third most important wheel today will be Reliance Industries, ahead of its AGM and the street will be most keen on hearing any potential timeline for the much awaited Jio IPO.
The stock has managed to see some recovery from its 52-week low ahead of the AGM. For the Nifty, 24,000 on the downside remains key, while the first hurdle emerges near the 100-DMA of around 24,250.
Watch this space for all the LIVE Stock market updates.
On the flip side, there are banks, with the Nifty Bank having rallied nearly 3,000 points in six sessions and is now at the upper end of the 57,000 - 58,000 trading range. The bulls would hope that this outperformance continues today to offset any pressure in IT names.
The third most important wheel today will be Reliance Industries, ahead of its AGM and the street will be most keen on hearing any potential timeline for the much awaited Jio IPO.
The stock has managed to see some recovery from its 52-week low ahead of the AGM. For the Nifty, 24,000 on the downside remains key, while the first hurdle emerges near the 100-DMA of around 24,250.
Watch this space for all the LIVE Stock market updates.
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