Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
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The absence of any notable escalation in Middle Eastern tensions led both of India's primary stock market indices, Sensex and Nifty 50, to close the fourth consecutive session with gains. Sensex concluded 114.49 points higher, marking a 0.16 percent increase, settling at 73,852, while Nifty closed at 22,402.40, up 34.40 points or 0.15 percent.
The notable decrease in the market's volatility index reflects investor confidence in the short-term market outlook, with the Nifty's projected target set at 22,600, while 22,200 remains a robust support level. Any pullback toward this support zone is perceived as a favorable opportunity for buyers to enter the market.
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