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Budget rally takes Sensex to 52,000: Here are 5 takeaways for investors The markets are likely to inch towards 53,500 in the near term. 51,200 is now crucial support on the lower side, says Jay Thakkar February 16, 2021 / 10:56 PM IST Indian markets have been on an upward trajectory since Union Budget which was announced on February 1. The growth-oriented proposals by Finance Minister Nirmala Sitharaman have helped Sensex climb 52,000 levels after a steep correction prior to the Budget. Nifty50 also raced past 15,000 for the first time on February 5 and it took only six sessions for th...

DAILY VOICE | Seen more 'beats' than 'misses' in Q3 earnings, laggards of last decade to be re-rated: Neeraj Chadawar of Axis Securities The major change in market structure will mean re-rating of sectors which have lagged for a long period. Sunil Shankar Matkar February 15, 2021 / 08:31 AM IST Neeraj Chadawar of Axis Securities valued the Nifty at 22x at FY23 earnings translating to December 2021 target for Nifty at 16,000, after December quarter earnings season. Overall, earnings visibility has improved across the board; Nifty FY21 and FY22 E...

We expect the rally in mid & small-cap to continue in the domestic markets as traders hunt for yield and chase momentum, says Daga.

Nifty seems to have immediate support at 14,850 followed by 14,700. It is likely to face resistance around the 15,250 – 15,300 zone followed by 15,500.

The Nifty and the Sensex are moving towards 15,500 and 52,500, with minor resistance at 15,360 and 52250, respectively.