Stocks including Zinka Logistics, Infosys, Afcons Infra, Tata Power, Raymond, Mphasis, SJVN, Protean eGov Technologies more will be in the spotlight on Friday, November 22.
Sensex and Nifty50 hit record highs on Thursday, driven by gains in commodity stocks and expectations of China cutting mortgage rates. The Nifty rose 1.89% to 25,388, while the Sensex increased 1.77% to 82,962. Analysts foresee continued gains with key resistance at 25,500.
The 30-share BSE Sensex pack surged 1,593 points to hit an all-time high of 83,116, while the broader NSE Nifty index moved 515 points higher to scale a lifetime peak of 25,433.
The Nifty index ended its 14-day winning streak, falling 0.32% to 25,198 due to global market concerns and U.S. economic uncertainty. Analysts suggest a "buy on dips" strategy while maintaining support at 25,000-25,100, with potential resistance at 25,300-25,500.
The NSE Nifty 50 and the BSE S&P Sensex settled little changed at 24,836.1 and 81,355.84 points, respectively. Both benchmarks had risen 0.4% to all-time highs earlier in the session.
Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time while Nifty raced more than 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. Bulls have regained control from bears. This shift in sentiment has once again favored long trades in the market.
Indian shares rose as central bank rates remained stable. Nifty and Sensex gained 0.8%. HDFC Bank performed well. Analysts expect a sideways market. US markets closed higher, while European stocks fell due to Fed comments. Nagaraj Shetty says "the near-term trend of Nifty remains positive and the ongoing range movement is suggesting the possibility of sharp swing movement on either side. Hence a range expansion could be watched around 22600 and 22300 levels on either side.
Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.