Stock market holiday: In the previous session, the domestic benchmarks rose sharply to close at their fresh record closing highs. The 30-share BSE Sensex pack surged 499 points or 0.79 per cent to settle at 63,915, while the broader NSE Nifty index moved 155 points or 0.82 per cent higher to finish the day at 18,972.
According to Ravi Nathani, an independent technical analyst, the bias for Nifty Metal Index is likely to remain bullish as long as it holds above 5,910.
Nifty FMCG index hits all-time high for third day due to buying in heavyweight stocks and overall favourable market, rising 0.28% at 52,194.05 levels. Analysts predict some consolidation due to momentum indicators being in over-bought zone but believe trend will continue with timewise corrections.
The 30-share BSE Sensex fell 49 points or 0.08% to close at 59,197 on Tuesday; while the broader NSE Nifty moved 10 points or 0.06% to settle at 17,656.