Buy or sell stocks, Feb. 5 -- After showing a strong bull trend on Tuesday, the Indian stock market remained sideways to positive on Wednesday. The Nifty 50 index ended 48 points higher at 25,776, while the BSE Sensex ended 79 points higher at 83,817. The Bank Nifty index finished 196 points higher at 60,238. Among sectors, the Consumer, Oil, and Gas indices rallied by more than 2%, whereas the IT index corrected sharply, shedding nearly 6%.
Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment has turned positive, as the Nifty 50 index is sustaining above the 50-DEMA support at 25,650. The Prabhudas Lilladher expert said the 50-stock index is now finding a hurdle at the 2...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.