Sensex Today Live Updates: Sensex up 600pts at open after 6% fall on Tuesday, Nifty at 22,060; volatility expected today

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Britannia Industries, Nestle India, Hero MotoCorp and HCLTech were the top gainers, while Hindalco, Power Grid Corp., Laresn & Toubro, Adani Ports & SEZ, and Adani Enterprises, were the top drags. Sensex Today Live : Only five stocks, Power Grid Corp., Larsen & Toubro, NTPC, ICICI Bank, and Axis Bank, out of the 30 on the BSE Sensex, were trading in the red, while Hindustan unilever, Mahindra & Mahindra, Nestle India, HCLTech, and Asian Paints were the top gainers.

Sensex Today Live : Indian benchmark indices opened in the green on Wedensday, following the results of the 2024 Lok Sabha elections that saw the BJP emerge as the single largest party in parliament, and its coalition NDA crossing the majority mark of 272 seats.At opening bell, Sensex was up 672.84 points, or 0.93%, at 72,751.89 and Nifty was up 147.60 points, or 0.67%, at 22,032.10.Sensex Today Live : "In a dramatic downturn, Nifty 50 recorded its biggest single-day plunge in over four years, falling 6%, as bears took control of Dalal Street following the BJP's failure to secure a clear majority in the elections. The Narendra Modi-led BJP leads with 293 seats, but concerns over the new government's ability to implement bold policies weighed heavily on the market.

GIFT Nifty remains subdued despite Modi's victory speech, with technical indicators pointing to a trading range of 21,000-22,500. Meanwhile, WTI crude oil futures dropped to a four-month low, offering some relief.

Eyes are now on the RBI's three-day MPC meeting. Preferred trades: Nifty to sell at 22,200-22,500 with targets at 21,500/21,000, and Bank Nifty to sell at 47,500-47,700 with targets at 46,077/45,701.