July 5, 2022

The benchmark indices closed marginally upper on the finish of buying and selling consultation on March 11. The BSE midcap and smallcap indices ended within the inexperienced.

At shut, the Sensex was once up 85.91 issues or 0.15 % at 55,550.30. The wider Nifty was once up 35.60 issues or 0.21 % at 16,630.50. About 2004 stocks have complicated, 1,257 stocks declined, and 112 stocks are unchanged.

Some of the most sensible Nifty gainers have been Cipla, BPCL, Solar Pharma, JSW Metal and IOC. Nestle India, Maruti Suzuki, Tata Shopper Merchandise, Hindalco Industries and NTPC have been amongst primary losers on Friday.

Nifty has staged a robust leap again from structural price stage of 15,900. This together with momentum reversal affirmation suggests “purchase on dips” technique will have to paintings will for the close to time period. Sahaj Agrawal, Head of Analysis- Derivatives at Kotak Securities, stated, “We think March sequence to business with a favorable bias with preliminary objectives positioned at 17,100-17,200. We stay certain at the broader markets with the NBFC and FMCG area giving excellent risk-reward alternatives – metals shares stay within the prime unstable zone making it tough to outline menace ranges.”

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Revealed on: Friday, March 11, 2022, 03:42 PM IST

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