Sensex Today | Stock Market LIVE Updates: Nifty Struggles Below 24,850; Auto Stocks Hit Record Highs, Banks & IT Drag

The Nifty 50 remains rangebound, struggling to break decisively above the key resistance zone of 24,850–25,000. Every attempt to reclaim this band is facing selling pressure, much like Monday’s session.

On the positive side, the index has formed a higher high and higher low on the charts — typically a bullish sign. Today’s session also marks the weekly expiry of NSE contracts, the second under the new expiry rules.

Auto stocks are leading the charge, with Ashok Leyland, M&M, Eicher Motors, TVS Motor, and Maruti Suzuki hitting fresh record highs. However, due to their lower index weight, broader benchmarks remain subdued.

The real drag continues to be banking and IT stocks. Nifty Bank dropped over 300 points from intraday highs late Monday, while IT stocks continued their downward grind.

IT will remain in focus today after Infosys announced it will consider a share buyback alongside its upcoming results. For the Nifty, 24,885 remains a critical resistance, while 24,750 may offer near-term support.