Sensex Today | Stock Market LIVE Updates: The Nifty index is trading with a deficit of about 50 points, with index trading below the 25,300 mark. The Sensex index down 200 points, with the 30-point index is below the 82,500 mark. The IT stocks are in peril, with TCS, Infosys, Tech Mahindra and Wipro are trading in red.
Sensex Today | Stock Market LIVE Updates: The Nifty index, after opening with a deficit of over 100 points, has now recovered over 100 points, closing in on turing green. The Sensex index has also trimmed its losses majorly, and is now trading above 82,500.
Stocks from Automobiles, to consumer durables, dairy, FMCG, and footwear, will all be in the spotlight, having already run up between 10% to 30% in the last month. The other major trigger will be the reaction of Indian IT companies to the latest H-1B visa back-and-forth from the Donald Trump administration in the US.
While most smaller companies, from Persistent to Coforge to Mphasis and other,s have clarified to the exchanges that it will be little to no impact for them, the larger ones like Infosys, TCS, HCLTech and peers are yet to clarify their position. For the Nifty, which fell on Friday in the quest to scale 25,500, the 25,300 mark on the downside is key, followed by the 25,250 – 25,200 zone.
Watch this space for all the Live updates.