Read more about Sensex jumps 515 pts, Nifty ends above 15,550; metals shine on Business Standard. The domestic equity benchmarks ended with robust gains on Monday. Investors sentiment improved due to a steady decline in daily COVID-19 cases in India. Strength in other Asian stock markets also supported buying.
आज टाटा मोटर्स में आ सकती है तेजी: share market may show strength today; कोरोना का मामलों में कमी से बाजार का सेंटिमेंट मजबूत indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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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?
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New Delhi: The domestic equity market failed to extend its two-day gains and consolidated in a narrow range on Tuesday. Market witnessed profit taking in the banking space, though FMCG, consumer durables and IT stocks capped the fall.
Nifty kept paring any gains made throughout the day, eventually forming a Bearish Belt Hold candle on the daily chart, reflecting selling pressure. Analysts said, only a breach above the 15,300 level can open doors for any further move. As we near the derivatives expiry for May, will the market move upward or consolidate in a narrow range?
Here s how analysts read the market pulse:-
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New Delhi: The domestic equity market on Monday managed to extend gains to a second straight day amid a volatile session. Strong buying interest seen in financial, power and realty counters helped the market end the day in the green.
Though the Nifty breached the 15,200 level at the open, it fell shy of the said level on a closing basis and ended at 15,198. The index formed an indecisive Doji candle on the daily chart indicating investor indecisiveness at a higher level. Analysts said Nifty will need to hold above the 15,150 level to witness any further bounce. Can the Nifty inch towards the 15,300 level and hit new highs?