Fri, Nov 22, 2024 3:06 PM
Sensex up 1,600 points led by Reliance Industries
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Technical analysts expect the Nifty to extend Friday’s upward momentum, potentially reaching the 24,500 zone. However, a break below 23,500 could trigger selling pressure, dragging the index toward 23,300–23,000 levels. Stocks such as 📌L&T Tech, 📌Bharti Airtel, 📌HCL Tech, 📌Infosys, 📌Tech Mahindra, 📌Ipca Labs, 📌Divis Labs, 📌DLF, and 📌National Aluminium show bullish chart pattern.
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📌Bonds rallied, US stock futures rose, and the dollar eased after Scott Bessent's appointment as US Treasury secretary, with investors viewing him as a "safe hands" candidate who would support markets. 📌The 10-year Treasury futures rose 13 ticks, S&P 500 futures gained 0.4%, and the dollar weakened against major currencies. 📌Australia's share market touched a record high.
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📌HDFC Bank is in the final stages of assigning a Rs 12,372 cr car loan portfolio. 📌Zomato will replace JSW Steel in BSE Sensex as part of index reconstitution. 📌RVNL has received a LoA from Eastern Railway for an infrastructure project involving bridge construction & railway track laying. 📌VST Industries completed sale of an immovable property in Hyderabad to ViNS Bioproducts and others.
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