Sensex Today | Stock Market LIVE Updates: Nifty bulls aim to end April series above 24,000 with banks in focus
Sensex Today | Stock Market LIVE Updates: The Nifty nearly regained everything that it lost last Friday going into today's monthly F&O expiry session. 24,000 is now the base line that the bulls want to defend before the new series begins. That will be put to test with banking stocks being in focus after the new RBI ECL guidelines. The Nifty Bank was very volatile on Monday but managed a close above the mark of 56,000 regardless.
That remains the key level for the banking index. Within banks, Macquarie sees a greater hit to PSU Banks from the ECL guidelines. The big earnings of the day comes from Maruti, as the automaker reports numbers today. Along with it, Bandhan Bank, CEAT, Castrol, Dalmia Bharat, Piramal Pharma, REC and Eternal also report results.
Result reactions today come from Coal India, Bajaj Housing Finance, City Union Bank, Nippon India AMC, AU Small Finance Bank and others. Also keep an eye on any further recovery in IT stocks, buying in Pharma names, and a continuation of the rally in Power stocks and consumer durable names.
Watch this space for all the LIVE stock market updates.
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