What we need is a strong close in Nifty above 14950-15000 for the rally to continue. A break above 15000 should propel Nifty higher to 15300 and above
Among sectoral indices, Nifty Bank ended in the red, followed by Nifty Media and Nifty PSU Banks, Nifty Private Bank index while others closed with ga
Being a sectoral index, the Bank Nifty only represents the banking sector; including the private banks and PSU banks
28 of 30 Sensex stocks ended in the red. M&M, SBI, Axis Bank, ICICI Bank & IndusInd Bank all lost over 3%.
Nifty Bank index of which RBL Bank Ltd is a constituent, has slipped around 2.3% in last one month.
Strong global cues as well as robust GST collection and auto sales for February helped in pushing the sentiment higher. Nifty needs to move above 15,0
Sensex rose 531 points to 49,631 while the Nifty50 gained 150 points to 14,679.
Nifty may face resistance around 15,180-15,250 levels whereas 15,000-14,950 may act as support zone for Friday, say technical experts
Market is likely to continue the narrow range activity and PSU Banks and selective midcap and small-cap stocks will outperform in the near future: Exp
Axis Bank, ICICI Bank, SBI, Bajaj Finance and IndusInd Bank were among major gainers on the Nifty.