Sensex Today | Stock Market LIVE Updates: The Nifty 50 is at a very critical juncture. The first two days of the July series have been positive and the bulls would hope that the week also ends on a high.
Closing above the 100-DMA is a positive, but that had happened two weeks ago as well and the index could not sustain at the 24,250 - 24,300 zone. That is the range the bulls would be eyeing today, with 24,000 now a firm support on the downside.
With IT seeing some short-covering on Thursday, banks took a break, even as the Nifty Bank managed to defend the 58,000 mark at close. Financials will continue to remain in the spotlight due to the quarterly business updates reported by a host of names, including PNB, CSB Bank, and most importantly, Bajaj Finance. Adani Enterprises has launched a QIP to raise funds keeping it in the spotlight as well.