Stay updated with breaking news from Global Cues. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Overall markets expected to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling, and the outcome could keep volatility higher.
Indian benchmark indices opened higher. HUL, Nestle India, Godrej Consumer Products surged, while Lupin declined. Nifty FMCG, Marico, Dabur, Financial Services, PSU Bank, Consumer Durables, Oil & Gas gained. Global markets rise, oil prices up, rupee strengthens.
MUMBAI: Across the board buying lifted sensex by 941 points on Monday to close at 74,671, with financials leading.
"Despite the bulls maintaining their upward trajectory for the fourth consecutive session, there's a noticeable lack of momentum," said Rajesh Bhosale, Technical Analyst, Angel One.
Nifty, Sensex jumped nearly 1 percent from day's lows to trade firmly in the green. Traders are advised to consider buying opportunities during any downward movements in the market, said analysts.