Sensex Today | Stock Market LIVE Updates: Nifty rises above 25,100; Balmer Lawrie down 9%

Sensex Today | Stock Market LIVE Updates:

We spoke about buyer exhaustion with you on Monday after an eight-day rally on the Nifty. That is the exact scenario that played out for the index, as a 90-point trading range brought an end to the eight-day upmove.

That does not take away from the fact that the Nifty did defend the 25,000 mark comfortably on the downside, although the recent swing high of 25,154 continues to act as a barrier. The index that needs to be watched today, though, is the Nifty Bank, which did cross the important 55,000 mark on Monday, but could not sustain above it. Today is also the weekly expiry of the NSE contracts.

Although the index remains in a range, action lies in the broader markets, with specific stocks seeing extended moves. At least five stocks that won orders yesterday, including NCC, MIDHANI, and Adani Enterprises, could see reactions today.

Also watch for any follow-up buying in railway stocks, and which direction do the IT names take today after alternating between gains and losses recently, particularly so after the Nasdaq notched yet another record high overnight.

Watch this space for all the live updates.