Sensex turn flat after reclaiming 52k: Key factors driving D-St today
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Last Updated: Jun 01, 2021, 11:51 AM IST
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The ongoing bull run in the market has taken even the incorrigible optimists by surprise. FIIs, regarded as smart investors, have been caught on the wrong foot.
The fact that India VIX is at a 52- week low also indicates the resilience of the market, said an analyst.
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NEW DELHI: Buying in bank and auto stocks lifted benchmark indices to another high on Tuesday as better-than-expected GDP numbers gave hopes to investors but soon profit booking kicked in and indices turned flat.
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New Delhi: Benchmark equity index Nifty managed to end the May F&O series at record closing highs on Thursday amid buying interest seen in cement, bank and IT counters. Though the index witnessed volatility throughout the session, it managed to eke out gains and end 36 points higher.
Nifty managed to close above the crucial resistance level of 15,335 on a closing basis, forming a Doji candle on the daily chart. Analysts said the index may face some resistance as it inches towards its lifetime high levels. Will the bulls manage to take Nifty past its all-time high levels?