On Monday, the Indian stock markets started with a positive attitude and a rapid rise during the day. The markets closed at their highest level. The Nifty rose 183 points to close at 25,077. The Sensex rose 582 points to close at 81,790. Bank Nifty rose 515 points to close at 56,104. The Sensex rose 600 points to beyond 81,800. The Nifty rose over 120 points to beyond 25,000. NBFCs and banking stocks saw tremendous fast today. As a result, the bank Nifty was also trading 450 points to 56,000.
What is the reason for this bounce in the market?
– Despite FII selling and DII’s minor purchases
After the RBI policy, the market trend on banks and NBFCs was positive
– Strong quarterly update over the weekend strengthened the perception
– Quarterly updates reflect not only for banks but also for the entire economy
– Quarterly updates of domestic consumption companies are also strong
– Quarterly updates are the biggest reason for today’s boom
What levels are important right now?
– Bank Nifty is strong in its recovery this time
– If the bank Nifty closes above 56150, it will reach a new all -time high by the next quarter.
– If the Nifty closes above 25175, it will speed up
– Next target of Nifty will be 25450-25650
-Nifty 24825-24900, Bank Nifty 55600-55725 is strong support
What will happen next in sector rotation?
-After a tremendous rise in veteran stocks, now is the speed of mid-cap and small-cap stocks.
– Good recovery in shares of mid-cap banks and small NBFC companies.
– Due to strong quarterly updates, shopping returned to digital platform companies.
– Decline in stocks associated with the capital market.
– The news of the increase in CGHS fee led to the rise in hospital shares.
Stock market stir
Max health:
– The news of the increase in CGHS fee led to the rise in hospital shares.
– This morning, information about shares was given in ‘Today’s Hero’.
Nayaka:
– After a strong business update, the shares boom rapidly.
– This morning, information about shares was given in ‘Today’s Hero’.
BSE:
– Buyers returned to the capital market infra shares.