HomeBusinessSensex, Nifty Snap Seven-Day Record-Breaking Streak On Profit Booking

Sensex, Nifty Snap Seven-Day Record-Breaking Streak On Profit Booking

Sensex, Nifty Snap Seven-Day Record-Breaking Streak On Profit Booking

The Indian fairness benchmarks snapped their seven-day report breaking steak as buyers booked income at all-time highs in current outperforming shares like Infosys, Axis Bank, Tata Consultancy Services, ICICI Bank, Bajaj Finance and Kotak Mahindra Bank. During the day, the Sensex rose as a lot as 256 factors to hit an all-time excessive of 58,553.07 and Nifty 50 index touched report excessive of 17,436.50.

The Sensex ended 17 factors decrease at 58,279 and Nifty 50 index slipped 16 factors to shut at 17,362.

“The market witnessed some volatile movements and an attempt to hold the level around the Nifty 50 Index level of 17,300. If the market sustains above the level of 17,200-17,250, it is expected to gain momentum, leading to an upside projection till 17,400-17,450,” Ashis Biswas, head of technical analysis at CapitalVia Global Research stated.

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