Mumbai, June 27 (IANS). Indian stock markets closed firmly on Friday, reaching the benchmark index of nine months high. Investors’ mood was positive amidst reports of stress reduced in West Asia and the possibility of a large trade agreement between India and America, which increased the confidence of the market and promoted shopping.
The Sensex climbed 303.03 points or 0.36 percent to close at 84,058.90 at the end of trading. During the day it continued to trade within the radius of 83,645.41 to 84,089.35.
The benchmark index recorded an edge in the fourth consecutive season, which continuously shows the trend upwards. A similar boom was seen in the Nifty, which climbed 88.80 points or 0.35 percent to close at 25,637.80. It stood between 25,523 and 25,654 in intra-day trade.
LKP Securities metaphor Dey said, “The Nifty is constantly moving upwards as the trust of investors remains strong. No major resistance has been observed before 25,750-25,800, so the index can move forward on the path of moving upwards.”
He said that after a rapid bounce in the last few days, the strategy of By-on-Dips at the existing levels seems to be more suitable. At the bottom, the support is placed at 25,500; Breaking below this level can cause consolidation.
Earlier, the Sensex touched 84,000 levels in October 2024, while the Nifty reached 25,639 on 3 October last year.
The broader market did the same. The Nifty Midcap 100 index increased by 0.27 percent, while the Nifty Smallcap 100 rose by 0.91 percent. This shows that investors’ interest was strong beyond large-cap stocks.
All other regional index on NSE, except for Nifty Consumer Durables, Realty, IT and FMCG indices, closed into green mark.
The Nifty Oil and Gas Index performed better with its regional counterparts and benchmark indices and closed with a 1.19 percent gain.
Instability also decreased, India Vicks fell 1.60 percent to 12.39. This shows that investors are feeling more confident about market stability in the near future.
-IANS
SKT/