The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
The final week of fiscal year FY24 concluded with a robust market performance while the global market concluded with mixed performances. European markets continued to rally and key US market indices showed divergent trends. However, the majority of Asian markets posted negative returns
The 30-pack Sensex was down 931 points or 1.30 per cent to settle at 70,506. The NSE benchmark moved 303 points or 1.41 per cent down to close at 21,150.
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