Stock Market Live Updates: Asian markets muted despite US market's near-record surge thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The 30-share BSE Sensex pack surged more than 650 points to hit an all-time high of 64,594, while the broader NSE Nifty index moved over 150 points to scale its fresh lifetime peak of 19,160. Such was the rise in the domestic bourses that over Rs 3.91 lakh crore of BSE market capitalisation (m-cap) got generated in back-to-back sessions.
Nifty has to hold above 15,000 level to continue its bullish momentum towards 15,250 and then 15,500 levels, while support can be seen around 15,000 and then 14,750 levels.
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Nifty opened positive on Friday and remained consolidative in a 50-point range, but showed strength to hold above the 14,000 mark. The index started the new F&O series and the new decade on a positive note, as it moved up steadily throughout the session to scale a new record lifetime high of 14,049.
Nifty continued its winning streak and formed higher lows for seven sessions. Now, it has to hold above 13,850 level to witness a fresh rally towards 14,200 and then 14,500 marks, while major support on the downside exists at 13,777 and 13,700 levels.
India VIX fell 7.30% from 21.09 to 19.56 levels. A cool-off in volatility below 20 level supports the bullish market setup and fuels the bulls with a higher market base.