Sensex Today | Stock Market LIVE Updates: The benchmark indices have largely continued to trade in green with gains of under 1%.
GIFT Nifty is trading higher, indicating a positive start to the Nifty Index.
The Nifty heads into a data-heavy week both domestically and globally on the back of a strong rally that saw the index close at a two-week high last Friday and above the mark of 25,000. Incidentally, it is the same level at which the index had closed on May 26 but had failed to sustain above those levels and head into a 500-point consolidation range.
After having made a new record high of 56,695, the Nifty Bank’s charts are suggesting levels of up to 60,000, according to technical analysts, and the index would be looking to lead the next leg of the upmove for the market.
Today is also an important day as US and Chinese delegates gather in London to resume their trade talks, which had stalled, both sides trading accusations over dishonouring the temporary trade agreement that was arrived at in Geneva a month earlier.
This week will see inflation data being reported both in India and the US, which could provide their respective central banks further cues for monetary policy. Block deals are back, this time in Suzlon Energy, where promoters are planning to offload a stake worth up to ₹1,300 crore. The handover from Wall Street from last Friday is also a positive one after stronger-than-expected jobs data. Watch this space for all the live updates.