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Stock Market LIVE: GIFT Nifty Dips, Insurance Stocks in Focus Amid Volatile Trading
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CNBC TV18•24-09-2026, 08:03
Stock Market LIVE: GIFT Nifty Dips, Insurance Stocks in Focus Amid Volatile Trading
- •GIFT Nifty trades 180 points lower, signaling a challenging day for the Nifty 50's recovery.
- •Crude oil prices rebound above $100 a barrel, while US 10-year bond yields jump to their highest since 2007.
- •Today marks the monthly expiry of Sensex contracts and the NSE's public listing on the Bombay Stock Exchange.
- •Insurance sector in focus following draft IRDAI norms on distribution reforms, impacting stocks like PB Fintech.
- •Nifty faces resistance at 23,500, with support zones at 23,350-23,280 and 23,250-23,200; Nifty Bank holds above 56,500.
Key Questions Answered
For the Nifty, the index continues to find resistance at 23,500, which remains the key on the upside. If the market heads lower, the 23,350 to 23,280 zone serves as the first line of support, followed by the 23,250 to 23,200 zone.
Indian regulations prohibit a stock exchange from regulating and listing itself due to conflict-of-interest concerns, requiring the NSE to seek admission on an alternative recognized platform like the BSE.
The insurance sector is in focus following the release of draft IRDAI norms on distribution reforms.
