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Technically, Manappuram Finance is holding the support of 21-exponential moving average, post sideways formation. A major move is expected to emerge over the 195 level
Grasim Industries stock zoomed 4.11% to a record high of Rs 2374.75 against the previous close of Rs 2280.95 on BSE. Market cap of the firm climbed to Rs 1.61 lakh crore.
Stock market today: Sensex closed 560 points, or 0.77 per cent, higher at 73,648.62 while the Nifty 50 ended the day with a gain of 189 points, or 0.86 per cent, at 22,336.40.
Expect Nifty to continue its upmove towards 22,562, which is the 78.6% Fibonacci retracement level of the fall from 22,776 to 21,777, says Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
Based on the OI percentage, a total of 76 stocks were on the short-covering list which included IndiaMART InterMESH, Bata India, Wipro, Indraprastha Gas, and Exide Industries.