Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a 200-point gap-up start; 24,000 in sight for index

Sensex Today | Stock Market LIVE Updates: The Nifty bulls will be gung-ho going into a new trading week amidst the US-Iran peace deal announcement by US President Donald Trump earlier in the day. Having hit the ball out of the park last Friday on the very hopes of this deal, the bulls would hope that this recovery sustains and continues at higher levels.

The peace deal, and the resultant fall in oil prices brings OMCs, IndiGo, the currency and all the stocks exposed to West Asia back in focus. A fall in the US Dollar index will also bring Metals in the spotlight, a sector that underperformed last week.

For the Nifty, the June 1 high of 23,733 will be key and a sustained move above 23,800 can accelerate the recovery towards the 24,000 mark. The Nifty Bank was the big outperformer last week and did the heavy lifting. 57,000 – 57,500 comes into play for the index after last week’s 4% surge.

The one index the bulls would want to put its hand up is IT, which has struggled throughout last week. Another major event today is for Vedanta, whose four demerged entities list today.

Watch this space for all the LIVE stock market updates.