Indian shares rose for a sixth straight session on Friday and were set for their best week since mid-March, boosted by gains in banking and auto stocks on the back of strong earnings expectations.
Over the short term, the Nifty may witness a consolidation. On the lower end, support is visible at 16500; while resistance is likely to be there at 16750-16800.
BSE | 56072 | +390 |
NIFTY 50 | 16719 | +114 |
NIFTY Midcap 100 | 29048 | 0.00 |
NIFTY Smallcap 100 | 9129 | +0.37% |
NITY Bank | 36739 | +1.49% |
NIFTY Auto | 12634 | +0.42% |
NIFTY IT | 28168 | -0.62% |
NIFTY Metal | 5094 | +0.08% |
NIFTY Pharma | 12618 | -0.27% |
Gold | 50574 | |
USD / INR | 79.85 |
“In the pursuit of more we overlook the fullness and completeness that are already within us waiting to be discovered.” – From the book: The Soul of Money
Categories: Market Update