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Indian equities are poised to enter 2024 on a buoyant note. Given that it is an election year, it will have a significant bearing on sentiment in the market
Trend in the broader market also remained exuberant as the Nifty Smallcap 100 and Nifty Midcap 100 indices gained over one percent respectively.
The breakout zone, coinciding with a bullish gap at 19,580-19,500, is viewed as robust support, and prices also defended the 19,700 level during the week, serving as immediate support.
Get latest articles and stories on Business at LatestLY. Closing at 65,940.27, the Sensex experienced a decline of 36.57 points, while the Nifty ended 6.00 points lower at 19,790.55. Within the Nifty companies, 19 witnessed advances, but 31 showed declines. Business News | Market Volatility Persists: Stocks End in the Red After Initial Highs.
Following a promising start to the trading day, Indian stock indices faced fluctuations and ultimately closed in the red on Friday.