Nifty took strong support at 15800 levels, today it broke the resistance at 16200. From the last 2 trading sessions, we have seen a good recovery in the market & more recovery can be expected in the coming sessions if Russia and Ukraine’s situation further stabilizes.
Commodity prices have started to fall once again and Fed may delay or be less aggressive in raising the interest rate.
Day Summary-
- Closing Bell: Nifty ends above 16,300, Sensex jumps 1,223 pts led by auto, realty, financials but metal stocks fell
- FMCG companies turn to social media for new product development
- Cabinet approves formation of National Land Monetisation Corp for sale of surplus govt land, buildings
- TCS share price rises as company’s Rs 18,000-crore buyback offer opens today
Stockoholic- Ketan Agarwal