Ingtrast, 43 stocks touched 52-wheek lows, with notable mentions like axita cotton ltd, gujarat lease finance ltd, naksh precios metals ltd, uma expens Ltd.
Indian stocks extended their Gains on Monday, Buoyed by Substantary Monetary Policy Actions from the Central Bank and Indications of Advancements in Us Tariff Discussions with The nifty 50 increase by 0.4% to reach 25,103.2, Marking an egght-month peak, while the sensex climbed by 0.31% to 82,445.21.
The positive Momentum in Us-India Trade Negotiation Media reports.
Renewed optimism surrounding global trade has sparked another surge of purchasing in Indian stocks, as noted by analysts.
Vinod Nair, Who Leads Research at Geojit Investments, Noted that Financial Stocks in Indian Markets Continued their Upward Trend, Supported by the RBI’s Proactive POLICIES POLICES OCE and CRARRA Reductions. These measures have increased Investor Confidence and Are AntiicPated to Improve Liquidity in the Near to Medium Term, Particularly Among Medcap Stocks.
Positive Employment data from the US and a revival of hope regarding us-china trade negotiations have boosted global market sentence. On the domestic front, even large-cap stocks have shown renewed strength, primarily Driven by Foreign Institutional Investors’ Inflows.
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at Lkp Securities, The Nifty 50 has finally broken out of its prolong consolidation on the daily timeframe. Market Sentiment appears positive, with the Index Sustaining Well Above The Crucial 50-Day Moving Average (50DMA).
A golden crossover on the daily chart has been a support Following the breakout, a risk towards 25,350 looks likely. A Decisive Move Above This Level Cold Trigger a Rally Towards 25,700. On the downside, support is placed at 24,850; A Breach Below This Level may lead to a shift in Sentiment.
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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