Friday, February 23rd, 2024

Strong start of share market, Sensex jumped 400 to open beyond 61 thousand, Nifty also rose well


Photo:FILE Share Market

Share Market Got off to a strong start today. On Monday, the first trading day of the week, the Sensex jumped over 400 points and crossed 61 thousand after a long time. The BSE Sensex is trading at 61387.80 points with a gain of 412.75 points. At the same time, NSE Nifty is also seeing good growth. Nifty is trading 136 points higher at 18245 points. Talking about the index, there is a tremendous boom in banking. The stocks of SBIN, AXISBANK, HDFCBANK, ICICIBANK, TITAN, WIPRO, TATASTEEL and TCS included in the Sensex are seeing good gains. Last week, the Sensex gained 990.51 points or 1.65 per cent, while the Nifty closed 330.35 points or 1.85 per cent higher. In such a situation, experts are predicting good growth in this week as well. Foreign investors have once again returned to the Indian market. Foreign investors pulling out from the Indian markets made a strong comeback in the first week of November, buying shares worth Rs 15,280 crore in the domestic equity markets.

Mixed cues from global market

If we talk about the global market, then there are mixed signals from the global market. Asia has got off to a strong start. SGX NIFTY is also seen up about 0.50 percent. At the same time, US FUTURES seems to be under pressure. However, the US markets closed strong on Friday. Market experts say that the first resistance for Nifty is at 18261-18326 and the second big resistance is at 18388-18410/454. Its first base is at 18181-18139 and the second major base is at 18090-18050. At the same time, the first resistance for Bank Nifty is at 41570-41690 and the second major resistance is at 41840-42010. Overall, the market is expected to continue good growth.

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