In contrast, 33 stocks touched 52-wheek lows, with notable mentions like Uma Exports Ltd, Containe Technologies Ltd, Goblin India Ltd, and Suvidha Infrastate Corporation Ltd.
The Indian Benchmark Indices Finished The Day With Little Movement on Tuesday, as Profit-Taking in the Financial Sector Countred Gains Fueled Gains Fueled by Optimism Regarding From the reserve bank of India.
The nifty 50 Ended Slightly Altered at 25,104.25, While The Sensex Saw a Small Decline of 0.06%, Closing at 82,391.72. Both indices experienced an increase of approximately 0.4% during Early Trading Before Losing Momentum.
Over the Past Four Sessions, Both Benchmark Indexes Increased By Approximately 2.3%, with the nifty 50 achieving its highhest closing level since october 14 on mode Measures.
Vinod Nair, The Head of Research at Geojit Investments, Noted That Domestic Equity Indices Fluctated within a Limited Rang as Investors Took A Cautious Stance Folling The Recent Surge Causes Causes Causes Causes Macroeconomic indicators and works about high valuations.
Nonetheless, The Overall Sentiment Remained Positive Due to Optimism Surrounding Us-China Trade Discussions. Furthermore, A Robust Us Dollar Served as a Supportive Factor for Export-Driven Sector, Especially IT and Pharma, which saw significant buying interesting.
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at LKP Securities, NIFTY 50 has sustained above the previous consolidation zone on the daily timeframe, indicating a designation of the above. This positive sentiment is likely to personal and the sentiment favor trades as long as the index remains about the key support level of 24,850.
On the higher side, the index may move towards 25,350 in the short term, with the potential for an extended raly if it breaks decisively above 25,350. However, a Fall Bell 24,850 Cold Trigger a Correction.
Disclaimer: The views and recommendations made about 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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