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market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday

Explore Now NEW DELHI: Nifty breached the 13,900 levels and touched its lifetime on Tuesday forming an indecisive candle on the daily chart as the index settled higher, riding the rally in bank and IT stocks amid strong global cues. The index continued its rally to the fifth consecutive session. Aditya Agarwala, senior technical analyst - institutional equities, YES Securities said A sustained trade above 13,950-13,975 will extend the gains, taking the 50-pack higher to the levels of 14,050-14,150, which happens to be the upper end of a crucial rising channel formed, joining major highs and lows post the March selloff. He sees support for the index at 13,850.

Sical Logistics Ltd leads losers in B group

Jaiprakash Power Ventures Ltd, DCM Ltd, Commercial Engineers & Body Builders Company Ltd and Welspun Investments & Commercials Ltd are among the other losers in the BSE s B group today, 16 December 2020. Jaiprakash Power Ventures Ltd, DCM Ltd, Commercial Engineers & Body Builders Company Ltd and Welspun Investments & Commercials Ltd are among the other losers in the BSE s B group today, 16 December 2020. Sical Logistics Ltd lost 9.98% to Rs 16.87 at 14:33 IST.The stock was the biggest loser in the BSE s B group.On the BSE, 2.8 lakh shares were traded on the counter so far as against the average daily volumes of 1.94 lakh shares in the past one month.

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