Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends cuts to 60 points; 50-DMA support at 26,000 key

Sensex Today | Stock Market LIVE Updates:

The Nifty bulls have reasons to complain and not to at the same time. The reason to complain is that the index has lost steam after hitting record highs to start the year. On the flip side, despite index heavyweights underperforming, the Nifty has managed to defend key support levels throughout the week. The question remains: for how long can it do that?

The Nifty defended the 26,100 - 26,150 support zone mid-week after breaking below it intraday, and any potential downside makes the 50-DMA support at 26,000 key for the index. 26,200 remains a hurdle based on the options data.

Today is the weekly expiry of the Sensex contracts. The market will react to the first advance GDP estimates for FY26 which were released last evening after market close. Index heavyweights like RIL, HDFC Bank, ICICI Bank, ITC and IT stocks will remain in the spotlight. The Nifty Bank still remains around 60,000, which is a key level.

Watch this space for all the Live updates.