Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends cuts to over 120 pts, hints at a gap-down start

Sensex Today | Stock Market LIVE Updates: Multiple headwinds welcome the Nifty bulls at the start of the new week, possibly the last major one for this quarter's earnings season. Brent crude is now at $110.

Bond yields are rising, and the currency is at a record low. Foreign institutions continue to sell. For the index, the 23,500 level, which it managed to sustain above last week, comes back into play again on the downside, while the 23,700 - 23,800 zone continues to remain a barrier.

The Nifty Bank underperformed on Friday and the rising bond yields will continue to keep the index, particularly the PSU Bank index in the spotlight today as well. The Nifty Bank has a broad range of 53,500 - 54,500 for the session. Broader markets will be crucial as earnings reactions have been on the extreme on either side.

Watch for stocks like Tata Steel, Vodafone Idea, ITC Hotels, Hindustan Copper react to results. Also watch for REC, PFC, ICICI Prudential Life among other names.

Watch this space for all the LIVE stock market updates.