Sensex Today | Stock Markets Live Update: GIFT Nifty indicating another negative start on weekly expiry

Finance news Stock Market Live Update: The Nifty is in a precarious state. It is just a few points above its 200-DMA, which is absolutely crucial to prevent further downside for the index. Today is also the weekly options expiry for the benchmark index. The Nifty made a low of 23,509 on Wednesday and somehow managed to defend that level. Yet, the Nifty has now slipped into correction territory, which means a 10% drop from the September 27 record high of 26,277. We will keep you updated with all the live market action right here.

Stock Market Live Update: The Nifty is in a precarious state. It is just a few points above its 200-DMA, which is absolutely crucial to prevent further downside for the index. Today is also the weekly options expiry for the benchmark index. The Nifty made a low of 23,509 on Wednesday and somehow managed to defend that level. Yet, the Nifty has now slipped into correction territory, which means a 10% drop from the September 27 record high of 26,277. Most analysts call setups oversold, predict a bounce from lower levels but they are yet to be found. Even if there comes a bounce, analysts project it to be a sell on rallies market. Today is also the final day of the results season for the September quarter, which has been one of more negative than positive surprises. We will keep you updated with all the live market action right here.