Rahul Shah of Motilal Oswal said the flow of money moving from primary to the secondary sector will give further direction to the market.
Mohammad added that as long as the 50-share index sustains over 16,720-mark, one should remain positive and look for higher targets of 17,135.
BSE MidCap index hit a fresh lifetime high of 23,740 in opening trades and the BSE SmallCap index was quoting at 26,842 up by 152 points or 0.57%.
Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
After hitting lifetime high of 56,958.27 during the day, Sensex closed at 56,889.76, up 765.04 points or 1.36%.
Morgan Stanley said that Zomato has strong business moats with the potential to add new adjacencies.
The rights entitlement ratio entails 1 equity share for every 14 equity shares held by eligible shareholders as on the record date.
Nithin Kamath said that Zerodha's team as a whole was probably the unhealthiest ever post the first lockdown.
Stock Market Outlook: In the bull case scenario, Prabhudas Lilladher projected that the Nifty may hit 21,020.
In early deals, Sensex advanced 370 points or 0.66% to touch a new peak of 56,494 while Nifty 50 advanced 100 points or 0.60% to 16,806.