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Share Market LIVE Updates: Sensex Up Over 200 Points, Nifty Above 15,250 Paced By Gains In Metal Stocks


The Sensex rose as much as 309 points to hit an intraday high of 50,961.
The Indian equity benchmarks moved higher on Tuesday paced by gains in metal, FMCG and Media shares. The Sensex rose as much as 309 points to hit an intraday high of 50,961 and Nifty 50 index touched an intraday high of 15,293.85. HDFC, Infosys, Asian Paints, Hindustan Unilever and Larsen & Toubro were among the top movers in the 30-share Sensex.
As of 9:24 am, the Sensex was up 225 points at 50,876 and Nifty 50 index climbed 71 points to 15,269.
Investor mood was lifted as data from the health ministry showed that daily cases of the novel coronavirus stayed below the 300,000-mark for the ninth straight day. ....

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Nifty: Dalal Street Week Ahead: High-beta buying to emerge only after Nifty tops 15K


In a technically important week, the equity market pulled up from the lows hit in the previous two weeks. Nifty saw a narrower trading range than the week before. The index oscillated in a 446-point range over the past five session and kept on trending on the upside.
Except for some intermittent hiccups, the market broadly edged higher. While continuing to stay within the Falling Channel and following a relatively quiet and less volatile week, the headline index ended with a net gain of 192 points, or 1.31 per cent, on a weekly basis.
Over the past sessions, Nifty violated some important rising trend line supports; this trend line was drawn from the lows of March 2020, which joined the subsequent higher bottoms. However, the price action over the past couple of days has led the index to move above this trend line again. From a technical perspective, this would be important; if Nifty stays above this rising trend line, then we may see it test the upper edge of the Falling C ....

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market outlook: Dalal Street week ahead: Nifty50 may turn rangebound now; stay defensive


In a week that was a bit more volatile than the earlier one, Indian equities continued with their bounce and once again ended at their lifetime high. The trading range was wide over the past five sessions, as Nifty oscillated in the range of 414 points. On the anticipated lines, the market did witness bouts of intermittent profit taking, but all those selloffs got bought into at lower levels.
However, this led to an increase in volatility of the previous week. Following days of rangebound corrective move and some advancement on the broader terms, the headline index finally ended with a net gain of 328 points, or 2.35 per cent. ....

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