On the technical front, the next hurdle for Nifty Banks falls at 44000 – 44200 levels, while support comes to 43200 – 43100 levels. The underlying bias continues to stay bullish as per analysts.
Manish Kumar, the Chief Investment Officer, ICICI Prudential Life Insurance Limited believes that the current valuations are justified, given ample monetary and fiscal stimulus and record global liquidity.
Updated Apr 15, 2021 | 16:45 IST
BSE Sensex closed almost 260 points or 0.53% higher at almost 48,804 levels while the broader NSE Nifty index ended the day at 14,581, up 0.53% or almost 77 points. Sensex gains almost 260, Nifty nears 14,600; Metal, pharma lead | Photo Credit: PTI
The market is on track to reverse losses of last week as benchmark indices Sensex and Nifty on Thursday again ended the day with 0.5% gains aided by metals, pharma and banks.
BSE Sensex closed almost 260 points or 0.53% higher at almost 48,804 levels while the broader NSE Nifty index ended the day at 14,581, up 0.53% or almost 77 points.
Benchmark indices closed near day s high after a volatile session shrugging aside spiralling Covid cases and wholesale inflation data. Gains were capped as heavyweights Infosys lost over 2.5% after posting net profit slipped sequentially. A record spike of 200,739 in daily Covid-19 cases, the announcement of weekend lockdown