Pre-market action: Here's the trade setup for today's session
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity markets ended higher on Monday, spurred by strong buying in heavyweight stocks like Reliance Industries.
- ✓Foreign investors bought shares worth Rs 3,115 crore, while the rupee fell 10 paise to 94.86.
- ✓Analysts said, "Holding above these levels remains important to sustain the current bullish momentum" for Nifty.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian equity markets enjoyed a rally, spurred by robust buying in major stocks such as Reliance Industries. Analysts pegged immediate support for Nifty at 23,200, with resistance encountered at 23,500 and 23,700. Foreign portfolio investors were active buyers, netting Rs 3,115 crore, while domestic institutional investors offloaded shares worth Rs 392 crore. Meanwhile, the rupee dipped by 10 paise to close at 94.
Indian equity markets ended higher, buoyed by strong buying in heavyweight stocks, particularly Reliance Industries, which surged more than 9% and lent significant support to the benchmark indices. On the downside, analysts say 23,200 forms the immediate support for Nifty, followed by the 23,000 zone. Holding above these levels remains important to sustain the current bullish momentum.
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.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.