Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set to open in green, Zomato, Bandhan Bank in focus

Share market news Updates: The Nifty 50 wrapped up its last session with a notable dip—2,661.3 points below its all-time high of 26,277.35, leaving traders reflecting on what’s ahead. Meanwhile, as the sun rose over Asia, stock market there were on the up, showing signs of promise in early trade today.

All eyes are now on a range of stocks that could stir some movement today. Big names like Zomato, NMDC, Bandhan Bank, Coal India, and Power Grid — not to mention Bharti Airtel, Caplin Point, NESCO, and ICICI Prudential — are likely to be in the limelight.

On January 7, Indraprastha Gas Ltd. (IGL), a key player in the City Gas Distribution sector, finds itself in the limelight after exciting whispers about potential value unlocking. Investors will be keenly watching the stock as this story develops.

In a significant move, state- possessed Bharat Petroleum Corporation Ltd. (BPCL) made swells on Monday with an advertisement the BPCL board has given the green light for the Maharashtra Natural Gas Ltd. (MNGL) IPO, motioning an instigative new chapter for the company. Could this set the stage for even greater opportunities?

In the US, equities surged ahead, fueled by a important rally in tech stocks. The Nasdaq was over by 1.25, as major tech players continued to dominate the request.

But not all sectors were riding high. Out of the 11 sectors within the S&P, only four saw positive movement. In fact, more than half—54%—of the S&P experienced a drop, highlighting some underlying volatility.

Meanwhile, oil prices found some stability after a sharp decline on Monday, marking its first drop in six sessions. Recent technical indicators suggest that the recent rally might have been a bit too much, too soon. West Texas Intermediate hovers around $73 per barrel, following a 0.5% loss on Monday, while Brent is near the $76 mark. After a surge, sensex share price reversed as the nine-day relative strength index suggested they were pushing into overbought territory. To add fuel to the fire, a bearish trend appeared in WTI’s prompt spread, further dampening the outlook.