Sensex gains 150 pts, Nifty jumps to 19,332 as oil prices ease
By 9.40 am, Sensex was trading 128.85 points, or 0.20 per cent to 64,700.73, and Nifty 50 gained 38.30 points, or 0.20 per cent to 19,320.05.
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By 9.40 am, Sensex was trading 128.85 points, or 0.20 per cent to 64,700.73, and Nifty 50 gained 38.30 points, or 0.20 per cent to 19,320.05.
Nifty 50 index declined 0.20 per cent, while the BSE Sensex was down 0.25 per cent with Coal India as Nifty 50 gainer, , stock market, nifty, sensex, trading, Intraday, investment, oil prices, tata motors, DMart, delta corp, hcl tech, divis laboratories, quarterly results, hdfc bank
TCS was the top drag in the opening session, as the stock slipped around 1.50 per cent, after the IT services major reported an 8.7 per cent jump in its Q2 net profit.
Thus, projecting a target of 21,000 by December 2023 as it is price parity of the June-December 2022 rally (15,183-18,887) projected from March 2023 low of 16,828. "The seasonality pattern gels well with our price structure model and classical chart pattern projection of 20,700-21,000 in CY23. Meanwhile, strong support is placed at 18,700," the report said.
By 9.30 am, Sensex was trading 206.45 points, or 0.31 per cent higher at 65,838.02, while broader NSE Nifty 50 gained 72.60 points, or 0.37 per cent at 19,618.35.