F&O Talk: Nifty’s break above 22,750 could open doors for 23,000; Sudeep Shah picks 5 stocks for next week
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Indian stock market rebounded on Friday as Sensex jumped 879 points to 72,472 and Nifty closed at 22,520.
- ✓This rally helped Nifty snap an eight-week losing streak.
- ✓Analysts said a break above 22,750 could open doors for 23,000.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
The Indian stock market swung sharply into the green on Friday, with easing oil prices, a rally in IT stocks and other factors triggering a strong rebound in the Sensex and Nifty and helping them snap an eight-week-long losing streak. The recovery came a day after a sharp selloff in the previous session.
Sensex jumped over 879 points to 72,472 while Nifty 50 gained 289 points to close above the 22,520 level. The sharp gains have added more than Rs 4 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to nearly Rs 465 lakh crore.
1.) Nifty finally broke the 8-week curse to rise this week. What are charts indicating?
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The Economic Times
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