NIFTY50: Biggest single-day gain in nearly 2 months, What's next?
The Nifty reclaimed the 22,800 mark, while the Sensex surged above 75,300, posting solid gains across the board. All sectoral indices ended in the green.
Broader markets outperformed, with the Midcap index gaining 2% and Small Caps jumping 3%.
The market breadth was decisively in favor of advances, with the advance-decline ratio standing at a robust 4:1. A total of 46 Nifty stocks closed higher, with the auto and financial sectors leading the pack. The next resistance for NIFTY50 now lies at 23,000.
Overall, It was a strong day for the Bulls!
The Nifty reclaimed the 22,800 mark, while the Sensex surged above 75,300, posting solid gains across the board. All sectoral indices ended in the green.
Broader markets outperformed, with the Midcap index gaining 2% and Small Caps jumping 3%.
The market breadth was decisively in favor of advances, with the advance-decline ratio standing at a robust 4:1. A total of 46 Nifty stocks closed higher, with the auto and financial sectors leading the pack. The next resistance for NIFTY50 now lies at 23,000.
Overall, It was a strong day for the Bulls!