Sensex Today | Stock Market LIVE Updates: HSBC initiates 'reduce' call on Indus Tower; GIFT Nifty remains flat

Sensex Today | Stock Market LIVE Updates:

The Nifty 50 index is struggling to hold on to any potential recovery. What should have been an end to the six-day losing streak, based on what the futures had indicated early Monday morning, turned out to be a seventh day of losses. Not just that, the index made yet another lower high and lower low on the charts, breaking below Friday's low and closing just above it.

The moves were very volatile on Monday, with the Nifty Bank leading the fall, before seeing a minor recovery in the final few minutes of trade. Today is not just the monthly expiry for the Nifty contracts, but also the final day of the month and the quarter, before an action-packed second-half of the week begins, starting with the Auto sales data, quarterly business updates and the RBI Monetary Policy.

For the Nifty, Monday's low of 24,606 is the first level to watch on the downside, while the high of 24,791 is an important one on the upside. Analysts believe that till the Nifty closes above 25,000 or 25,200, any opportunity on the upside should be utilised as a selling opportunity.

The Nifty 50 will also have a new look today, with InterGlobe Aviation and Max Healthcare starting to trade as index stocks, while Hero MotoCorp and IndusInd Bank will no longer be part of the index.

Watch this space for all the live updates.