Nifty, Sensex Weekly Trend Continues to be Up - Weekly closing report
The main indices have been under pressure for The trends of the major indices in the course of the week’s trading are given in the table
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The main indices have been under pressure for The trends of the major indices in the course of the week’s trading are given in the table
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Elecon Engineering is looking lucrative on technical fronts. Technically, it is bouncing back from a 38.2 percent retracement of the previous rally. It has witnessed a breakout of the triangle formation with strong volume, which suggests much more potential upside in this counter.
On the sectoral front, realty, metal and information technology indices shed 1 percent each, while bank, oil & gas and power indices fell 0.5 percent each.
BSE Sensex tanked 413.24 points, or 0.66 per cent, to settle at 61,932.47, while Nifty50 index dropped 112.35 points, or 0.61 per cent, to close at 18,286.50 for the day.