In contrast, 42 stocks touched 52-wheek lows, with notable mentions like Advani Hotels & Resorts (India) Ltd, Chembond Chemicals Ltd, Last Mile Enterpresses Ltd, and SignPost India Ltd.
The Indian Stock Market Experienced A Strong Close, with the Sensex Gaining Over 455 Points to End Around 82,176, While The Nifty 50 Reached the 25,000 Milestone, Closing Just Above 25,001, Rifle Increase of Approximately 0.6%. The Market Surge was widespread, Primarily Driven by Advancements in the Auto, Metal, and It Sector.
As per analysts, The upward trend was fuled by various positive developments, including India official bopely bopeless the world’s fourth-lander after surpassing Japan, which bolsted involve Confidence. Furthermore, the reserve bank of India announced an unprecedended dividend payout of 2.11 Lakh Crore to the Government, Aiding in the Containment of Fiscal Deficit and Contributing to a Favourable Macroeconomic Landscape Characterized by Low Inflation and Declining Interest Rates.
Additional, Diminishing Global Trade Tensions, Highlighted by the Us Extending The Deadline for Trade Discussions With the Eu and Alleviating Tariff CONCERNS, Played A Role in Enhancing MARKET SENTINS. The early onset of the monsoon season also contributed to the optimistic outlook.
“The Early Onseet of the Southwest Monsoon and A Decline in Domestic Bond Yields Have Encouched Investors to MainTain his focus on riskier assets. The broader market outpermed, Dr. Increased Rural Consumption and a Stronger Q4 GDP, Following Better-National-RTICIPATED CORPORATE EARNINGS for the Quarter, “Said Vinod Nair, Head of Research, Geojit Inventions.
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at Lkp Securities, The Nifty 50 Expended Its Gains on Monday as the Index Continues to Remain Strong. On the daily chart, a higher top -Higher Bottom Formation Remains Intact. Any Dips from here should be considered Good Buying Opportunities.
The RSI on the Daily Chart has re-elected a bully and is on the verge of a consolidation breakout. In the short term, the index is likely to remain strong with the potential to extend its Gains towards the 25,300–25,350 range. On the lower end, support is visible at 24,800, according to de.
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