Sensex Today | Stock Market LIVE Updates: SML Isuzu sales down 10% in Sep; Nifty may open below 24,600

Sensex Today | Stock Market LIVE Updates:

The biggest and most important trading day of the week is finally here. The Nifty 50, enters a new month, a new F&O series, and a new quarter on the back of its longest losing streak in nearly eight months.

The last time the Nifty declined for eight days in a row was between February 18 and March 4 this year, when it fell for 10 straight sessions. All eyes for the first half of the session would be on RBI Governor Sanjay Malhotra, and the policy statement and commentary on the road ahead will keep banks, NBFCs, Autos and Real Estate names in the spotlight, which could also impact market sentiment.

Speaking of auto stocks, the companies will begin reporting their sales figures for September and the quarter today, a litmus test of sorts, after the record run these stocks had since the GST reforms announcement on Independence Day by PM Narendra Modi. End of the quarter also means business updates start trickling in, with HUDCO already inaugurating the list of companies doing so.

The first challenge for the bulls will be to break the streak of lower lows, which means, Tuesday's low of 24,591 becomes the most important level on the downside today. On the upside, 24,750 - 24,800 is a resistance band.

Watch this space for all the live updates.