Results for: Bank Nifty

The Indian stock market opened lower on Thursday, following a decline in Asian stock markets. The Nifty 50 index fell by nearly 60 points, the BSE Sensex lost over 200 points, and the Bank Nifty dropped by approximately 170 points. The decline in Asian equity markets was triggered by concerns over the outlook for the technology sector after Meta Platforms Inc. reported disappointing results. Experts from Anand Rathi believe that the Indian stock market will remain positive as long as the Nifty 50 index stays above 22,200 to 22,250. They recommend buying stocks such as IndusInd Bank, Federal Bank, and GAIL.

Indian markets extended their winning streak on Wednesday, marking the fourth consecutive day of gains. The Nifty 50 index closed 34 points higher at 22,402, while the BSE Sensex surged 114 points to end at 73,852. The Bank Nifty index also climbed 218 points to close at 48,189. Cash market volumes on the NSE were lower than the previous day, totaling 1.03 lakh crore. Broad market indices outperformed the Nifty 50, while the advance-decline ratio remained positive. Analysts expect a brief consolidation in markets before they resume their upward trajectory.

Driven by positive global market sentiment, the Indian stock market extended its winning streak to four sessions on Wednesday. The Nifty 50 index gained 34 points to close at 22,402, while the BSE Sensex rose 114 points to end the day at 73,852. The Bank Nifty index also surged by 218 points to settle at 48,189.

Market breadth remained positive, with the advance-decline ratio staying firm at 1.63:1. However, cash market volumes on the NSE declined compared to the previous day, totaling 1.03 lakh crore.

Technical analyst Vaishali Parekh of Prabhudas Lilladher highlighted a key hurdle for the Nifty 50 index at the 22,450 level. She emphasized that a decisive move beyond this level, particularly to the 22,500-22,550 zone, would improve market sentiment and open the door for further upward momentum.

Parekh recommended three stocks for trading on Wednesday: COLPAL, GNFC, and . She provided buy recommendations for these stocks with specific target prices and stop-loss levels.

Indian stock markets maintained their upward momentum on Monday, extending gains for the second consecutive session. Key indices, Nifty 50 and Sensex, closed higher, while the Bank Nifty index also surged. Anand Rathi’s Ganesh Dongre expressed optimism about the market trend if the Nifty 50 holds above 21,800-21,900 support. He recommended three stocks for investment: MCX, HCL Tech, and RCF, providing buy, target, and stop loss levels for each. The overall market sentiment remains bullish, with the advance-decline ratio indicating a positive outlook for the coming days.