Sensex Today | Stock Market LIVE Updates: Nifty may open below 25,300; auto, FMCG stocks in focus

Sensex Today | Stock Market LIVE Updates:

The Nifty has multiple triggers to encounter to begin the penultimate trading week of the September F&O series. The much-awaited GST 2.0 reforms take effect from today, the first day of Navratri.

Stocks from Automobiles, to consumer durables, dairy, FMCG, and footwear, will all be in the spotlight, having already run up between 10% to 30% in the last month. The other major trigger will be the reaction of Indian IT companies to the latest H-1B visa back-and-forth from the Donald Trump administration in the US.

While most smaller companies, from Persistent to Coforge to Mphasis and other,s have clarified to the exchanges that it will be little to no impact for them, the larger ones like Infosys, TCS, HCLTech and peers are yet to clarify their position. For the Nifty, which fell on Friday in the quest to scale 25,500, the 25,300 mark on the downside is key, followed by the 25,250 - 25,200 zone.

The Nifty Bank has 55,700 as its first key level, followed by 56,000. Two more IPOs, Atlanta Electricals and Ganesh Consumer Products, open for subscription today, while many will see corporate actions and shareholder lock-ins end.

Watch this space for all the Live updates.