Hello everyone! hope you had a great day in the market as the market advanced higher in the day. The index opened with a gap up followed by a fall close to 15772 and then went on a consistent rise till the end of day and closed at 15860.
A look into the daily chart shows that the market might be ready to go upwards.
Nifty was led by the PSU banks and Metal today, whereas Energy & FMCG were the only ones to close in red. Of course, they have been rallying in the past and it is normal to consolidate.
As discussed above, the top gainers were Tata Steel, Hindalco, JSW steel from the metals sector & Axis Bank, SBI & ICICI led the banking sector.
Reliance continued the fall further after yesterday's AGM, as the investors were not excited with the outcome. However, rating agencies have upped the ratings for Reliance in the long run so it could be a good time to accumulate more shares.
That's it for the day today. Let us catch up on the live meet tomorrow at 7 pm for our weekend discussion.