Fib Extension News Today

Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30.

Shares of Tata Steel were the top gainers on Sensex and Nifty amid a correction in the broader market for the second consecutive session today. In fact, the Tata Steel stock is trading at over six-month high after rising for five consecutive sessions. The stock has risen nearly 9% during the period. Tata Steel has come out of consolidation level and given a breakout, considering the current leg of rally today, said analysts.