Sensex Today | Stock Market LIVE Updates: Nifty begins Sensex monthly expiry session 70 points adrift of record highs

Sensex Today | Stock Market LIVE Updates:

Today is not just the penultimate trading day of the week but also the monthly expiry session of the Sensex contracts. The Nifty, though, is 70 points away from record high levels of 26,277, after having begun the December F&O series on a very positive note with a 300-point rally. The surge not only erased the three-day fall but also ensured a second-highest close for the index.

The Nifty Bank continues to be the prime contributor to the upmove, registering a new high of its own and closing above the mark of 59,500, heading towards the 60,000 mark, which many analysts had cited as a near-term target.

The Nifty Bank is up over 11% from September 27 last year, when the Nifty had made its previous top. For today's session, the November 20 high of 26,246 will be the first level to watch, followed by the 26,277 level.

Broader markets staged a rebound too, but dealing rooms suggest participation was on the lower side and the move was just a technical pullback due to oversold conditions. Keep an eye on stocks like Asian Paints, Whirlpool, Salasar Tech, and Patel Engineering, among others.

Watch this space for all the Live updates.