Sensex Today | Stock Market LIVE Updates: The Nifty index has now bounced back from the lows of over 80 points. The Nifty is trading in green, above the 25,000 mark.
Sensex Today | Stock Market LIVE Updates: After three straight weeks of losses, the new week could not have started on a worse note, as the markets are trading largely in red. The Nifty index is just struggling to keep its head above the 24,900 mark after hitting 25,000 earlier in the day.
The Sensex is also trading with cuts, dipping by over 200 points. The Nifty Bank index, while trading in green, barely has gains of under 30 points.
The key Nifty heavyweights in focus, namely ICICI Bank and HDFC Bank, after announcing their results over the weekend, are trading in green with gains of over 1%. Another big name, Reliance Industries on the other hand is trading with a deep cut of over 2%
Banking stocks, apart from the big two, appear to be under pressure, as AU Bank shares declined by over 7%. In addition, MRPL also declined by 8%
When we look at the broader markets, specifically, the small-cap and midcap indices, they are trading in red with a dip of under 0.25%.
Earnings show no let-up, with Nifty constituents Eternal and UltraTech reporting results today, along with broader market names like Havells, DCM Shriram, IDBI Bank, PNB Housing, Oberoi Realty and others.
Watch this space for all the live updates.