Sensex Today | Stock Market LIVE Updates: Tata Elxsi in focus after Q2 results; GIFT Nifty cuts losses slightly

Sensex Today | Stock Market LIVE Updates:

The final trading day of the week is here, and all eyes will be on TCS and other larger IT peers as to how they react to the Tata giant's second quarter results. The reaction will also have a bearing on the Nifty 50 index, which returned to its upward ways after two days of sluggish moves.

Contrary to the last two sessions, when the Nifty closed near the day's low after slipping from the highs, Thursday saw the index recover from the lows to end near the session's highs. The index also, by the smallest of margins, made a higher high and a higher low on the charts. The 25,200 - 25,250 level remains a barrier, though for the Nifty as it struggled to get past that level on Thursday as well.

The focus on IT stocks has meant that the Nifty Bank has taken a backseat, but it still managed to close above 56,000, despite the underperformance. The spotlight will also be on Midcap IT stocks after Tata Elxsi's results, particularly on its peers such as KPIT Tech and Tata Technologies.

Today is also the listing of WeWork India, whose ₹3,000 crore IPO managed to see full subscription on the final day due to institutional bidding, as NII and retail portions remained undersubscribed.

Watch this space for all the Live updates.