IGI Logo

NIFTY

* Nifty extended rebound for the fourth successive session and gained over half a percent.

* Most of the sectors were aligned to the move wherein auto, realty and pharma were among the top gainers.

* We need sustainability above 22,150 to end the consolidation and march towards the 22,500+ zone.

* the performance of the global indices, especially the US, will remain on their radar.

BANK NIFTY

* Banking index remained lackluster trading in narrow range to close higher for third straight session in a row.

* SBIN and Axisbank capped the upside wherein HDFC Bank and ICICI bank contributed the maximum.

* It has closed above all the key moving averages, now sustainably above 46200 would we critical for index to continue its upward momentum.

* Private banking majors participation will be important to maintain bullish bias in the banking index.

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330