Nifty Outlook for October 30: Nifty aims for 23,000 and beyond after strong Sensex expiry
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity benchmarks staged a sharp rebound on Thursday, with the Nifty surging over 200 points to close at 22,936.
- ✓Nagaraj Shetti of HDFC Securities said, "The Nifty’s short-term trend remains positive, with the index potentially advancing towards the next resistance at 23,200." Broad-based buying across many sectors helped the market.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Indian equity benchmarks staged a sharp rebound on Thursday, with the Nifty surging over 200 points as buying interest emerged at lower levels. After a muted start and initial hesitation, the index gained momentum through the session, briefly consolidating around midday before extending its gains to close at 22,936, up 1.05%.
The Nifty broke above the 22,800 mark after a volatile spell of consolidation over the past few sessions, while the positive close marked a recovery from its prolonged subdued performance.
Among Nifty constituents, Adani Ports and Adani Enterprises were the top gainers, while Trent and Maruti Suzuki ended among the biggest laggards.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
CNBC TV18
Read the full, original unfiltered story directly on the publisher's portal.