Trends on SGX Nifty were pointing at a fresh record high start for BSE Sensex and also Nifty 50 top top Monday

Analysts speak bulls continued to continue to be in fee of Dalal street amid volatility, setting the stage for festive season. Image: Pixabay

Trends top top SGX Nifty were pointing in ~ a fresh record high begin for BSE Sensex and Nifty 50 ~ above Monday. In the vault session, Sensex, Nifty and also Bank Nifty clocked record closing highs. BSE Sensex rallied 568 points to end at 61,305, the very first time ever above 61,300, if the Nifty 50 index settled at 18338, rising 177 points. Experts say bulls continued to continue to be in charge of Dalal street between volatility, setup the stage for festive season. When there space not much an unfavorable triggers, macroeconomic fads keep enhancing month-on-month. “Markets are in clearly festive mood and also we are witnessing fasters sector rotation in ~ play. The earning season has started off on a solid note and also needs to proceed delivering strong numbers because that the sector to sustain the existing momentum,” Siddhartha Khemka, Head – sleeve Research, Motilal Oswal gaue won Services, said.

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Q2 outcomes today: BSE-listed providers such as UltraTech Cement, Larsen & Toubro Infotech, route Mobile, Alok Industries, Concord Drugs, Craftsman Automation, Gujarat Hotels, Hathway Bhawani Cabletel & Datacom, Hatsun Agro Product, global Travel House, Lloyds Steels Industries, Navigant corporate Advisors, Sunedison Infrastructure, SVP an international Ventures, Tanfac Industries, Tata Coffee, and also Uniply Decor will announce September quarter revenue on October 18.

FII and also DII data: on Thursday, international institutional investors (FIIs) to buy shares precious Rs 1,681.60 crore, while residential institutional investor (DIIs) offered shares precious Rs 1,750.59 crore top top a network basis in the Indian share market.Global watch: oriental stock markets were trading mostly lower in early on trade ~ above Monday.The Japan’s Nikkei shed 0.37% when the Topix index decreased 0.4%. South Korea’s Kospi dropped 0.23%. The cave Seng index in Hong Kong dropped 0.44%. In overnight profession on wall surface Street ~ above Friday, united state stocks rose and the Dow score its greatest weekly percent gain since June, according to Reuters. The Dow Jones commercial Average increased 382.2 points, or 1.09%, come 35,294.76, the S&P 500 got 33.11 points, or 0.75%, come 4,471.37 and the Nasdaq Composite added 73.91 points, or 0.5%, to 14,897.34.Nifty view: top top the technical front, the market is most likely to stay in the bullish are as lengthy as Nifty is holding over 18100, claimed an analyst. “Nifty created a bullish candle on the everyday chart and has been forming higher lows because that the last 3 sessions.. Everyday momentum indicator Stochastic and also MACD have displayed positive crossovers top top the daily chart which is supporting the bullish momentum,” Aprajita Saxena, research study Analyst, Trustline Securities, said Financial to express Online.Bank Nifty resistance in ~ 40,000: table of contents is trading above its 21, 50 & 100-day exponential relocating averages on everyday time frame, i m sorry is positive for the prices in the close to term. Major resistance is put near 39,800- 40,000 levels. On the downside if price break listed below 38,800 climate we might test 38,200 levels, Saxena added.

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