Ingtrast, 52 stocks touched 52-wheek lows, with notable mentions like axita cotton ltd, digitide solutions Ltd, vikram kamats hospitality ltd, olactric mobility ltd, uma exports Ltd, and VR Films & Studios Ltd.
The Indian Stock Market Concluded The Day with a Positive Trend, Showcasing Investor Confidence Due to Reduced Global Tensions and Encouring Local Factors. The BSE Sensex Rose by Roghly 303 Points, Finishing Close to 84,058, While The Nifty 50 Increased by Around 88 Points to Close Near 25,637.
This upward movement in the market was brought up fuled by robust performances in sector like oil & gas and psu banks, with the nifty oil & Gas index Climbing Oover 0.5%.
Vaibhav Vidwani, A Research Analyst at Bonanza, Noted That The Favourable Conclusion was driven by expectations of posesible delays in us tariff deadlines, enhanced global market confext geopolitical tensions in the middle East, all of which increase investors’ willingness to take risks. Furthermore, The Indian Rupee Appreciated Against The Dollar, Trading Approximately at 85.51, which also contributed to positive market
Vinod Nair, The Head of Research at Geojit Investments, Stated that Significant Factors Like The Ceasefire in the Middle East and Positive Signment of Trade Regarding the Reduction Allevied Investor Concerns. Following Several Days of Selling, Foreign Institutional Investors have shifted to being nets in the domestic market, which has contributed to enhanced market stability in the short term.
In addition, favorite oil price and a strengthening indian rupee have land investors to concentrate on domestic growth options. The anticipation of rising earnings, fuled by robust consumption and a Fairly Stable Macroeconomic Environment, is further Bolstering optimism, according to nair.
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at LKP Securities, Nifty 50 Continued to Move Higher as Investor Confidence Remained Strong. With no Major Resistance Seen Before 25,750–25,800, The Index May Continue Its Upward Trajectory. However, the rally might not be sharp, and it could take time to reach the 25,800 mark.
“A Buy-on-Dips Strategy appears more approves at current levels, following the sharp risk over the past few days. On the downside, support is planned at 25,500; Consolidation, “said de.
Disclaimer: The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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