Sensex Today | Stock Market LIVE Updates: Nifty set to open near record high; Nomura sees 25% upside in Tata Steel

Sensex Today | Stock Market LIVE Updates:

The Nifty will have its first proper trading session of the new Samvat after returning from a midweek holiday and a token one-hour Mahurat Trading session on Tuesday.

The index is 400 points away from a record high, after ending the special session in the green, but off the highs it made during trade. Global cues, though, have turned adverse yet again after the US planned some export curbs on China and has already sanctioned two of Russia's biggest oil producers, Rosneft and Lukoil. The move has resulted in a 5% jump in Brent crude prices overnight. The US markets also ended lower amidst these tensions and disappointing earnings.

The Mahurat trading session high of 25,934 will be an important one to watch on the upside for the Nifty. The banking index ended little changed on Tuesday, while IT will remain in focus after Donald Trump again brought up trade with India during Diwali celebrations at the White House.

Watch out for Infosys over its proposed buyback, where promoters do not intend to participate, while some major earnings for the day include those from Hindustan Unilever, Laurus Labs, and Colgate-Palmolive.

Watch this space for all the live updates.