Sensex Today | Stock Market LIVE Updates: Nifty aims to sustain small bounce as template remains sell-on-rallies
CNBC-TV18 1 hr ago·28 Sept 2026, 12:57 am
The Indian equity market showed a modest rebound on the day, with the Nifty trying to hold a small bounce while the Sensex hovered around the 23,000 mark. Traders noted that the recent upward move is occurring within a broader pattern of “sell‑on‑rallies,” meaning each rally tends to be followed by profit‑taking.
The backdrop includes higher global oil prices, as Brent crude pushed back above $106 a barrel, and relatively firm bond yields that have not eased much. Both factors can keep cost pressures on companies and limit the appetite for risk, making the current rally appear fragile.
Investors will be watching upcoming domestic data releases, any fresh signals from U.S. policy, and the direction of oil and yield movements. A clear break above the current resistance could signal a more sustained advance, while renewed selling pressure may pull the indices back toward lower levels.
Excerpt from CNBC-TV18
Sensex Today | Stock Market LIVE Updates: The bulls have managed to defend 23,000 so far on the downside, but the question is for how long would they be able to do so. Brent crude is back above $106 a barrel after the latest proposal rejection by US President Donald Trump, and bond yields have not cooled significantly…Read the original at CNBC-TV18
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