Mumbai. The phase of tremendous boom in the Indian stock market continues. Nifty and Sensex again touched historical levels on Wednesday morning. Sensex crossed 80,000 while Nifty reached the level of 24,292. Sensex and Nifty made this record due to strong global signals and buying in banking and FMCG stocks.
Tremendous buying is being seen in banking and financial stocks in the market today. Top gainers of Nifty50 include HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Britannia and Tata Consumer Products.Tremendous buying is being seen in the country’s largest private bank HDFC Bank. After the expectation of increase in weightage in the MSCI index, foreign investors have more weightage to buy stocks.
Due to this, there is a boom in this giant private bank of the country.At the same time, the top losers of Nifty 50 include TCS, Tata Motors, AltaTech Cement, Power Grid and Titan Company. Selling is being seen in these shares. IT sector shares are trading sluggishly.
Deven Mehta of Choice Broking said, “Nifty can find support at 24,100. After this, the next support level is at 24,000 and 23,950 levels. At the same time, Nifty may face resistance at 24,250. He said, “The chart of Bank Nifty indicates that it can find support at 52,100.”
