An analyst from Anand Rathi said that Berger Paints has shown signs of stabilizing and potentially reversing its downtrend, as indicated by technical patterns like the Bullish Bat and bullish divergence.
The BSE Sensex rose 1,618.85 points, or 2.16%, to end at 76,693.36, having touched a lifetime high of 76,795.31 during the day. The NSE Nifty rose 468.75 points, or 2.05%, to close at 23,290.15, about 50 points below its lifetime high of 23,338.70.
Traders and analysts are counting on the liquidation of bearish derivative bets by overseas money managers in the wake of exit polls on Saturday pointing to a strong performance by the Bharatiya Janata Party (BJP) in the general elections thats seen pushing the stock market to new highs on Monday.
FPIs may cut bearish bets, releasing bulls on D-Street today indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Indian shares are set to open higher on Monday with analysts expecting gains in infrastructure, capital goods and manufacturing stocks, after exit polls over the weekend projected a third term for. -June 02, 2024 at 09:42 pm EDT
- MarketScreener