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Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Benchmark Nifty gained 0.7% on Friday, extending its positive rally despite a muted opening.
- ✓Analysts said the index is expected to consolidate with a gradual recovery.
- ✓Foreign portfolio investors net bought shares worth Rs 1,165 crore, while the India VIX rose 0.2% to settle at 14.02 levels for the session.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
The Benchmark Nifty saw a 0.7% rise, signaling a continuation of its positive trajectory. Market analysts foresee a period of consolidation ahead, with a gradual uptick on the horizon. The key resistance levels for the index are 22,650 and 22,800, while support is noted at 22,500. Additionally, foreign portfolio investors recorded net buys of Rs 1,165 crore, contrasting with a trend of domestic outflows.
Benchmark Nifty gained 0.7% on Friday, extending the previous session’s rally despite a muted opening. Analysts say the index is expected to consolidate with a gradual recovery, although intermittent volatility may persist in broader markets.
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The Economic Times
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