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Sensex Today: GIFT Nifty Trades Higher As Bulls Aim For Gains In Weekly Expiry Session
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CNBC TV18•06-10-2026, 07:50
Sensex Today: GIFT Nifty Trades Higher As Bulls Aim For Gains In Weekly Expiry Session
- •GIFT Nifty is trading higher, giving bulls a sense of optimism for today's Nifty weekly expiry session following Monday's bounce.
- •The market texture remains sell-on-rallies, but bulls are aiming to extend gains and move closer to the 22,800 mark.
- •IT stocks will be closely watched as global AI trade finds buyers and Nasdaq hits record highs overnight.
- •Axis Bank, Kotak, and IndusInd will react to business updates, while Trent draws attention following its 23 percent revenue growth in Q2.
- •Nifty Bank aims to retest the 55,000 to 55,200 zone on the upside with support expected between 54,350 and 54,500.
Key Questions Answered
Bulls aim to push the Nifty closer to the 22,800 mark, with Monday's high of 22,621 serving as the initial level to cross, and potential support expected between the 22,350 and 22,400 zone.
Axis Bank reported a 23 percent year-on-year increase in standalone net profit, reaching Rs 7,114 crore for the April-June quarter.
Axis Bank raised USD 300 million, equivalent to about Rs 2,850 crore, by selling senior notes to overseas investors at a coupon of 5.348 percent to support business growth.
