Stock Market Live Updates 7 October 2024: Stock to sell today: IDBI Bank (₹83.85): SELL

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Sensex, Nifty, Share Prices LIVE: The short-term outlook is bearish for IDBI Bank. The stock has been in a strong downtrend since the last week of July this year. The 4.5 per cent fall in the second half of last week has dragged the share price well below the 200-day moving average (DMA). This can continue to keep the stock under pressure. The 200-DMA, currently at ₹85.75, can now act as a strong resistance and cap the upside.