Sensex Today | Stock Market Live Updates: GIFT Nifty trades higher; HDFC Bank in focus

Sensex Today | Stock Market Live Updates: Indian equities resume trading after Monday’s trading holiday and the long weekend, during which, a lot of water has flown under the bridge. Activity on the Nifty 50 during today’s weekly expiry session will hinge on stock specific moves. HDFC Bank will be in focus after shortlisting two candidates for the next MD & CEO as reported by CNBC-TV18 exclusively.

IT stocks will also be in focus after global AI chiefs called for a slowdown of the rapid development of this technology. Oil prices remain near $110, while the US 10-year yield has touched 5%.

The Nifty is coming on the back of five straight weekly losses and has managed to defend the 23,200 mark so far on the downside. On the upside, 23,500 will and remains the only level to watch and sustain above, before the index could move higher.

HDFC Bank’s ADR jumped 6% on Friday before reversing some of those gains on Monday. HDFC Bank will also keep the Nifty Bank in focus as it has managed to close above the 56,500 mark, after a sharp recovery last Friday.

56,000 on the downside and 57,000 on the upside remain key. Watch out for other stocks like Paytm, Pine Labs, Piramal Pharma, Coforge and many more.

Watch this space for all the LIVE stock market updates.