BSE Sensex rallied as many as 217 points in intraday trade, but pared most of the gains in last hour of trade to close at 25,868, up 0.10 per cent, or 27 points.
The 50-stock barometer Nifty 50 earned 14 pts, or 0.18 per-cent, at 7,856. Top gainers includes Gail and Wipro on the BSE benchmark.
The 50-stock barometer Nifty 50 earned 14 pts, or 0.18 per-cent, at 7,856. Top gainers includes Gail and Wipro on the BSE benchmark.
The index tanked the week with gains for the first time in 4; Sensex gains 257 points, or 1 % while NIfty was up 94 points, or 1/21 per cent.
"The Nifty50 has bottomed out and we have broken the critical resistance at 7,850. So we are looking at a 70-80 point up-ward move on the Nifty50 and, probably, a 200-point jumped on the bank Nifty.
"Next week we may see some kind of volatility, as currently it is the expiry week.
"The Nifty50 has bottomed out and we have broken the critical resistance at 7,850. So we are looking at a 70-80 point up-ward move on the Nifty50 and, probably, a 200-point jumped on the bank Nifty.
"Next week we may see some kind of volatility, as currently it is the expiry week.
But you might see Nifty-50 regaining 8,000. Overall, the TGT(target) remains at 8,200 for the upcoming few days.
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