Sensex Today | Share Market Live Updates: GIFT Nifty hints at negative start

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Read here)Indian government bond yields are expected to start 2024 with an uptick as a higher-than-expected borrowing schedule from states could weigh on sentiment.The 10-year benchmark bond yield is expected to move in the 7.15%-7.21% range on Monday after closing at 7.1754% in the last session of 2023, a trader with a private bank said.The benchmark yield ended lower for the second consecutive month in December and closed the year with a drop of 15 basis points (bps).NIFTY-50 has closed in a doji candle near all time high and we expect some minor pullback to test 21300-21,400 levels over the next few days.On the higher side 22,000 will be a resistance being the round number and the weekly pivot resistance from current levels.RSI is trending below the average line and pullback below to the lower range could be expected and other key technical indicators are overbought from current levels.Highest call OI has moved to 22,000 strike while on the downside the highest put OI has moved higher to 21,700 for the weekly expiry.A number of large and mid-sized banks raised term deposit rates in December, luring customers to park surplus money with them as the system liquidity deficit widened following tax outflows and tepid government spending.Some banks raised rates for deposits up to ₹2 crore; others raised rates for bigger deposits. Top lenders State Bank of India (SBI ) and Bank of Baroda (BoB) increased rates on fixed deposits by 25-50 basis points (bps) and 10-125 bps, respectively, for different tenors on 27 and 29 December.