Sensex Today | Stock Market LIVE Updates: BPCL, M&M, SBI Life Insurance, JSW Steel and Power Grid Corp were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Hindalco, Maruti Suzuki, Divis Labs and Bharti Airtel.
Among the constituents of Nifty Auto, M&M has broken out of a 13-day consolidation phase on a daily scale. The daily and weekly RSI are in the bullish zone according to RSI range shift rules.
Short-term traders may consider a buy-on-declines strategy for indices; however, they are advised to brace for significant volatility in the coming days.