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Sensex Today | Stock Market LIVE Updates: 24,000 remains key for Nifty on weekly expiry as CAS takes spotlight
CNBC-TV18 1 hr ago·1 Sept 2026, 12:46 am
The Indian stock market is currently at a critical juncture, with the Nifty 50 index hovering near the 24,000 level. After a three-day losing streak, bulls are now attempting to break past Monday's high of 24,117 to establish a fresh upward trend. This technical resistance is a key focus for traders as the market prepares for weekly expiry.
The banking sector is currently the main driver of market sentiment. Following a significant rally driven by the Central Bank of India (CAS), the Nifty Bank has surged past the 58,000 mark. This momentum is crucial for the broader market, as the banking index has historically been a major contributor to the overall market movement.
Investors should keep a close watch on the Nifty 50's ability to sustain a breakout above 24,117. A decisive move here could signal a shift in market sentiment. Additionally, the performance of the banking sector will remain a key indicator of the market's direction in the coming sessions.
Excerpt from CNBC-TV18
Sensex Today | Stock Market LIVE Updates: The three-day streak of lower highs needs to end with the bulls aiming to cross and sustain above Monday's high of 24,117. The index to watch though today, is the Nifty Bank. After CAS on Monday, the index saw a sharp 600-point jump, closing above the 58,000 mark, while it was…Read the original at CNBC-TV18
Key takeaways
- Category: Stocks.
- Assessed as a significant, market-relevant update.
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A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
