Stock Market Live News Update📊📉📈

Here are some live stock market updates:

Market Overview

- Sensex fell over 150 points, with Nifty testing 24,800 levels, amid weak earnings from Kotak Mahindra Bank and lingering uncertainty over trade negotiations with the US.

- The IT sector was a major drag, with TCS shares plummeting 2% after announcing plans to cut 12,000 jobs.

Key Stocks to Watch

- IndusInd Bank: Q1 results expected today, with analysts predicting a profit drop of up to 91% YoY due to derivative losses.

- Kotak Mahindra Bank: Shares fell 6% after Q1 profit dipped 7% YoY, missing analyst expectations.

- Tata Chemicals: Shares rose after the company reported a 68% YoY surge in Q1 profit.

- Torrent Pharma: Shares hit a fresh 52-week high, with analysts recommending a "buy" due to its strong performance.

Market Trends

- Nifty resistance seen at around 25,500 levels, with support at 24,500.

- Midcap stocks saw modest gains, while smallcaps traded slightly lower.

- Pharma stocks are expected to maintain their upward momentum.

Global Updates

- US and EU reached a trade agreement, easing fears of a full-blown trade war and boosting investor sentiment.

- Gold prices slipped to a near two-week low after the trade deal announcement.