Page 34 - Prashanth Tapse News Today

The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently

Nifty on Tuesday ended about 34 points higher to find support just above the 21-EMA on the hourly chart, prompting a strong recovery in the later part of the session.

The domestic equity market closed higher on Friday. Sensex rose 969 points to 71,483 and Nifty gained 274 points to 21,546. Heres a look at stocks that are likely to remain in news next week.

Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said. Markets may face near-term consolidation due to elevated valuations, they noted. While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japans policy decision on December 19, Santosh Meena, Head of Research, Swastika Investmart Ltd, said.

Rallying for the third consecutive session, the 30-share Sensex vaulted 969.55 points or 1.37 per cent to close at 71483.75

"With India continuing to post strong growth numbers and hopes of rate cut expected in the middle of next year, optimism in equity markets could continue in the medium term," said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Foreign Institutional Investors (FIIs) continued to remain buyers as they bought equities worth Rs 4,710.86 crore on Wednesday, according to exchange data.

Nifty 50 index concluded with 1.29 per cent gains to 21,456, whereas the Sensex closed at 71,483 levels with 1.37 per cent gains to new-highs, , stock market, nifty, sensex, it stocks, national stock exchange, retail investors, Intraday, metal stocks, ireda, Birlasoft, Aether Industries, KFin Technologies

Rallying for the third day running, the 30-share BSE Sensex jumped 969.55 points or 1.37 per cent to settle at its new all-time high of 71,483.75 points. During the day, the benchmark zoomed 1,091.56 points or 1.54 per cent to reach its lifetime intra-day peak of 71,605.76 points.

Sensex jumps over 339 points to 70,853, its all-time high level, in early trade; Nifty climbs 115 points to reach its record peak of 21,298